Greg, I am a certified financial planner with 22 years if experience. I work with high-net-worth individuals, and the Chartered Financial Analysts (CFA) who manage their portfolios. Every so often, I ask the CFAs who is buying the bonds. Their response, it is portfolio rebalancing from highly appreciated stocks to bonds. Other responses, it is just noise in the short term markets to be ignored. These are the best money managers in the business with the highest level of education.