"Go straight home, find all of your long-term bonds and sell them. Put the money in cash if you have to, but most importantly sell your bonds."
Bobrinskoy thinks it is absolutely clear that rates are going to go up and bonds are going to get hit hard. He quotes the fact that the only time the 10-year yield has been this low ever was immediately after Pearl Harbor.
When Bernanke stops buying, it is game over for bonds.