What Happens After The Bond Bull Market?
The 35 year bull market in bonds has seen rates on the U.S 10 year treasury fall from 15.32% in September, 1981 to a bottom of around 1.5% in July, 2016. The Federal Reserve has started to raise short term rates which will push up long term rates as well. The bond markets long bull market is finally at its end? The fall in treasury yields during the bond bull market has also corresponded with a fall in CPI inflation from 11% in September, 1981 to 1% in July, 2016. Treasury