Bonds Firming Up

Looks like the unwinding of the Bonds to Equity Trade is feeling a little less pain today.

30 Year Bond Futures is up 29/32 to 116 19/32
10 Year Bond Futures is up 14/32 to 115 17/32

I expected this trade as to much hot/dumb money was going into equities.

I believe this trade will continue now that negative news flow is creeping back into stock land, and that major index values have broken support.