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Mark Hulbert: If The Stock Market Is Irrational, What Do You Call The Bond Market?

FYI: If you thought stock-market investors were irrationally exuberant, you should take a look at the behavior of those in the bond market.

To illustrate how exuberant they are, consider which of the following bonds is riskier, and therefore must pay a higher yield to compensate investors for that risk:
Regards,
Ted
https://www.marketwatch.com/story/if-the-stock-market-is-irrational-what-do-you-call-the-bond-market-2019-07-19/print
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