The bond market has been on a multidecade bender. But the party is close to an end and the hangover could last for years.
The fun got started when interest rates were sky high in 1981 and bond prices bottomed out. (As bond prices go down, yields go up and vice versa.) Bonds had a hideous reputation at the time because they had failed to keep up with inflation for decades.Report Typo/Error
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