Feel free to comment if you have an idea on what is going on here. Maybe simply an oversold bounce...

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... but in our world of incredibly high correlations this move the past few days is an outlier. Equity markets up, yet US Treasury bonds up? For past few years its been US Treasury bonds up = equity market down. Hmmmmm....

I have a very long term (i.e. 5-10 years) short on US bonds via this instrument - the day to day action doesn't usually hit my radar but it's an interesting development ... maybe.

Short iShares 20+ Year Treasury Bond in fund; no personal position