But aren’t bonds supposed to only go up?
I would like to start with my tweet from earlier today.
Chatted to a non finance expert friend about a potential end of the bull market in bonds.
He said "But aren't they supposed to only go up?" https://t.co/znb5lHDKVF
— Domen Butala (@DomenButala) September 11, 2017
Are they? Or is just the cycle long enough so that the people forgot that bonds might also fall and interest rates rise over time?