FYI: Investors have been hearing about bond market bubbles since the financial crisis. Interest rates have refused to budge but even if/when they do rise most of the people proclaiming this is a “bond bubble” don’t really understand what that means. There’s a huge difference between how bonds and stocks are structured and many of those arguing this case seem to fail to make this distinction. I explain in this piece I wrote for Bloomberg. (Original Bloomberg Article 8/10/17)
Regards,
Ted
http://awealthofcommonsense.com/2017/10/bond-market-bubbles-are-not-what-you-think/
