Originally Posted by audreyh1
Bonds have rallied again, now to levels not seen since April/May of 2013.
10-year treasury yield now below 2.35%.
Yes, this big bond rally has to be the best kept secret in the investment universe. No matter how bonds are actually performing, there is always a chorus of voices repeating the mantra that "bonds have nowhere to go but down". I see that 30 year t-bond yields reached 3.10% today, down from a 52 week high of 3.98%. I am going to have to sell more bonds today just to get back within my allocation targets. I forget how many times I've had to do that this year.
Let's enjoy it while we can. Nothing lasts forever. But as long as it continues, it's easy money in my pocket.