Maybe they'll tighten. Maybe not. Maybe soon. Maybe not for a while.
Eventually, the powers that be are going to kill this market to send the excess liquidity to money heaven without killing the economy, OR the bond market vigilantes are going to take the market down and slow the economy.
But I don't think anyone's got the stomach for any of that until things really firm up. So, I think we respect the trend for as long as we have it.
M