Speaking of trends….No doubt the long-term trend in rates is down. In the chart below, rates have rallied along a falling support line.
Click on chart to enlarge
This long-term yield chart, would suggest to harvest positions, since yields are on support ( prices would be up against resistance).
For those that feel rates could push higher due to this pattern, picking up some TBF (inverse bond etf) would be a good idea, with a 4% stop.