To say that things have gone well for the Treasury bond market this year would be a huge understatement. First, there was a global flight to safety triggered by the European debt crisis in the spring. Then we saw the mad rush by hedge funds to cover shorts in securities they believed were the world’s most overpriced assets. Out of nowhere, Ben Bernanke appeared on the scene with his quantitative easing. The perfect storm sent bond prices everywhere to 50 year highs, and yields to all time lows.