FYI: What is a financial bubble?
A financial bubble occurs when the market price of a security or a group of securities increases well beyond the point where the long-term benefits of ownership fail to compensate the investor for the costs — market price, trading costs, liquidity, etc. — and risks of ownership.
Which brings us to the bond market.
If the results of a recent CFA Institute Financial NewsBrief poll are any indication, at least some of the global fixed-income market is in bubble territory. So if respondents agree with the above definition, then 87% believe that owning at least some types of fixed income no longer makes sense.
Regards,
Ted
https://blogs.cfainstitute.org/investor/2016/08/25/is-there-a-bond-market-bubble/
