It has been a great ride if you hold them, but the yields are reaching a point that signals something disastrous. It is signaling another major shoe to drop imminently. But honestly, bonds are pricing in another major shoe dropping with thetime table being "imminent." Maybe we have to become a zero-rate economy like Japan.Its 10-year note yields only 1.36% and even the Hong Kong note yield is1.8%. If there is not another major shoe that drops in the coming days, yields of US Treasury maturities will bounce and will bounce big.