The bond market has seen significant movements recently, with $TELL bonds nearly tripling from their lows last year. Over the past three months, $TLT has outperformed both $HYG and $SPY. Market sentiment suggests that $TLT could see an additional 10% to 20% increase due to ongoing excitement. There is also speculation about a potential 'Round 2' for $TLT and questions about who decided to short $TLT.