Over the past three months, the Vanguard Intermediate-Term Treasury Index Fund ETF Shares (VGIT) has increased 1.0% and the Vanguard Long-Term Treasury Index Fund ETF Shares (VGLT) has advanced 5.9%. Treasury bonds and related exchange traded funds have rallied despite a strengthening economic recovery and inflationary pressures. So many investors have been betting against Treasuries that yields were positioned to fall significantly with just a slightest touch from those who actively wanted to go long on bonds, according to some analysts.