Strategist: Long-Term Bond Holders 'Going to Get Massacred'

Bond markets have been on fire as of late, with gains of 14 percent for municipal bonds and 49 percent for junk bonds during the past year.

But that’s not going to last at the long end of the yield curve, says Marilyn Cohen, president of Envision Capital.

“The fixed income market has been unbelievably embraced by baby boomers,” she says.

“We’ve seen more flows into bond funds than ever before,” she told CNBC. (more)