Bond Market Rally Is Just Getting Started

Regardless of the puny sell-off taking place over the last few days the S&P500 (^GSPC) has gained 2.5% over the last month. At the same time the yield on the U.S. 10-year treasury (^TNX) moved from 2.8% to 2.65%. By the immutable laws of supply and demand that means investors in aggregate have been simultaneously [...]

View the original article here