FYI: Bonds will provide an interesting case study in investor behavior in the years ahead. With interest rates at much lower levels than they have been in the recent past the same change in rates will now lead to much more volatility in bonds than it would have at the higher rates seen in the past. When Trump became president many predicted sharply higher rates and as you can see from this piece rates did rise. But since I wrote this one for Bloomberg a couple months ago rates have dropped. Bonds are supposed to be boring but they may prove harder to hold in the years ahead for those investors who go in with the wrong expectations.
Regards,
Ted
http://awealthofcommonsense.com/2017/05/how-the-bond-bull-market-distorted-fixed-income-expectations/
