Lots of chatter that the bond bull market that started in the early 80’s might be over. Here is a long term perspective.
The 10 year is closing in on 3%. It has been a few years since it has seen this level. Will Trumps massive deficits and the Feds QT kill it? Fundamentally, there has been no reason to go long this market for the past 10 years. However, it is the best of the worst at the moment considering other countries in the western world are closing in on zero. I don’t believe this bull is dead. Before it is over the USA might see negative rates. The perception of the market participants has not changed. The first sign of trouble, investors jump right back in. One day, some one will make a fortune shorting this market. I don’t believe the time has come yet.