How many times have you heard the phrase “bond bubble” in the past three years?
It seems that every time you turn on financial television or go
to a financial website, there’s an analyst warning you about a bond
bubble about to burst. The commentary usually consists of the
observation that “interest rates are near an all-time low” and “have
nowhere to go but up.”
There’s not much more to the analysis than that. In fact,
interest rates are near all-time highs and could drop significantly,
setting off one of the greatest bond market rallies in history. (more)
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