It's the same thing day in and day out. There's nothing really new.

The shorter end of the U.S. yield curve is holding a fairly nice firm tone.

It's been a long bull run with yields lower, and we're just seeing a few chinks taken out of the bond market's armor.

I would suspect we'll go out with a whimper.

There is just tremendous demand both for flight-to-quality reasons and because of these credit spreads.

It wasn't on the fly, screaming demand. The overriding factor is what the global economic situation is -- and it is tenuous at best.