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Are bond yields too low?
Bonds have had a dream run since bottoming late last year, particularly the longer end of the curve (I checked one popular longer-term US treasury ETF and it was up almost 30% off the low point!). Interestingly enough that followed a period of fairly miserable performance last year (mark to market returns were worse than -10% for the year at one point). It's often the case in markets that you see this taxonomy of price action. That is, miserable performance is often followed by fantastic performance, and when it runs "too far too fast" the opposite plays out. This tends to be especially the case when the ... (full story)