"So bonds (TLT, TBT) come out of their coffin and it's not even Halloween," tweets Bill Gross (BOND). "Bernanke says follow the policy rate and we agree. 2016 tightening at the earliest." Treasurys completed one of their biggest two-week rallies in a year last week as Bernanke assured investors the Fed has not yet decided to begin tapering asset purchases. January 2016 Fed Funds futures are pricing in nearly 100 bps of rate hikes between now and then.