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For what it is worth, the Canadian 3 month/10 year has inverted.
Also, that a bond rally has been in place for some time now. I presume the linked Putnam write is an article to their customer base presenting their viewpoints. IMHO, one should not take this article as new information for April 24, 2019. As of today, there are numerous bond funds that continue to move into the overbought area.
This is the chart of a decent intermediate bond fund, BAGIX.
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Also, that a bond rally has been in place for some time now. I presume the linked Putnam write is an article to their customer base presenting their viewpoints. IMHO, one should not take this article as new information for April 24, 2019. As of today, there are numerous bond funds that continue to move into the overbought area.
This is the chart of a decent intermediate bond fund, BAGIX.