Good article from the WSJ. Interestingly, one would assume that the rise in Treasuries was unexpected. I can't think of many people that honestly believed that rates would stay as low as they were indefinitely.
If you are concerned about rising rates, consider floaters (although they will float off short rates) or stay shorter duration. It will be interesting to see the impact of rising rates on equities as the cash flow discount rate is increasing (if equities are still priced on a DCF basis).
Enjoy.
WSJ Bond Bubble Bursting
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
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