Here's an interesting scenario shaping up for the bond market. Investors sitting on gains from US mortgage bond positions are going to need somewhere else to park that money—and corporate bonds could be the next landing spot. When you've locked in profits on one asset, you're not just sitting in cash; you're looking for the next opportunity. That reallocation could drive meaningful demand into the corporate bond space over the next few quarters. It's the kind of capital rotation that moves markets quietly but significantly.