Bonds have really been hit hard, 2007 lows look to be in view – TLT

This is either a great time to buy in to bonds or they are in trouble.  Debt ceiling debate could happen with a rising rate of interest to “compound” the effect, no pun.

If they lose the 2007 lows we could be in for a full-blown gov’t debt crisis or the fed will be forced to raise rates dramatically.

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