There are a number who see an opportunity to exit bonds (government paper debt) at the current extreme high values. Some who look to gold at the end of the bond bull market.
Ultimately I believe bonds and interest rates are incredibly political they are being "acted upon", price discovery will come but perhaps not quickly.
Geoff at Cara Community of the Trade of the Decade - Short Bonds - Long Gold (part way down from top of daily blog page)
Zerohedge on Pension Fund Gold buying
Small percentages of Institutionally managed pension funds would see enormous capital flows.
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