Italian Bonds

Today I have a follow up video to last week’s adventurous trade call in the Treasury yield market.  The signal was a long in the Treasury ETF – TMF. This ETF is designed to rally when yields fall.

Are yields falling (slightly) simply as a matter of normal trading activity; they rallied too quickly?  Or is it because Italian bonds have been very active due to recent elections there and there is spillover into other markets?  What’s more, one wonders if this could spillover into equities via higher uncertainty, aka volatility? If so, TMF could get a further boost.