The 2Y bond yield are the most sensitive to interest rate movements. Over the last 24-48 hours they have been widening to 2011 highs. Speculative positioning, hedging or inside knowledge? http://www.investing.com/rates-bonds/u.s.-2-year-bond-yield
Does this mean if the Fed doesn't raise rates we can take it as evidence there is no "inside knowledge"?
It is the long dated bonds that you should be watching for the imminent bond collapse. The chinese will still buy short dated for obvious reasons.