Bond prices have soared for more than three decades.
As bond prices soar, yields fall: The yield on 10-year U.S.
Treasurys peaked at 15.8% in 1981. Last year, it bottomed below 1.5%.
Now, some of the smartest minds in finance are calling for the
death of the three-decade bull market in bonds. Yields have nearly
doubled since just last summer.
Over the long term, these folks are probably right. Bond prices could fall for years (maybe even decades).
But right now, the smart bet is on higher bond prices. In fact, we have an opportunity to make money going against the pack and buying bonds...
As I explained, today's conventional wisdom is that U.S. Treasury bonds are a losing proposition. And that's the bet most investors continue to make...(more)
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