I feel as though bond buying is going to commence again. The risk on behaviour is hugely unfounded. The only caveat is that Yellen has almost completely said there will be a hike in December. This would obviously be bullish
yields. I dont necessarily think it is the right move, as this will deleverage equity indices, which I think are very fragile still as well. If you look at the downtrend that yields have been in, it would be foolish to expect that it would break here, considering the trend has lasted for 8 years. Now that I have said that I'll probably end up eating my words.