Demand is definitely here at these yield levels.
The fed is looking to raise rates, there is a strong possibility of a june hike.
The way yellen spelled it out, they're obviously looking at inflation, and it's still a bit too low for them to raise rates.
There's not a lot of conviction in either direction for the market.
You've seen a little bit of a risk-off trade, which is aiding in the treasury rally.
