FYI: Long-dated Treasury bonds, perhaps the longest of long-shots to perform well in 2014, improbably emerged as the big winners last year, riding a sharp and unexpected drop in interest rates to a 23.19% total return in 2014, according to a Barclays index. The 30-year Treasury yield’s surprise fall from 3.942% at the end of 2013 to 2.749% a year later, per Tradeweb data, fueled outsize price gains for a variety of long-dated, high-rated bonds during 2014.
Regards,
Ted
http://blogs.barrons.com/incomeinvesting/2015/01/02/2014-bond-scorecard-long-term-treasuries-beat-the-odds/tab/print/
