The recent spike in interest rates over the last few months is a hot topic among financial news and media outlets. And it should be – it’s alarming.
The rate on the 30-Year U.S. Treasury Bond shot up from 2.10% in early July to over 3% where it now sits. Many, including myself, are now calling for the end of the 35+ year bond bull market.
I believe when we look back in 20 years, the 177’11 July high in bonds will mark the beginning of a new long-term bear market in bonds. More →