Still no sign of a slowdown - leading indicators were strong today:
Leading indicators are showing a rare string of strength, rising in February for a third month at a very strong 0.6 percent rate. Emerging strength in factory readings have been driving the gain along with continued strength in consumer expectations and low and favorable levels for jobless claims. Stock prices have also been a plus. This report is pointing to accelerating conditions for the nation's economy over the next six months.
And one year returns for bonds continue to show that long term bonds have been the place to be even as rates have risen:
Interesting that inters have done the worst - my guess is that most managers put their normal alllocation of long term bonds into inters, out of conservatism, pushing up prices of inters and wrecking that trade.