THE END OF THE GENERATIONAL BOND BULL MARKET

And the 'tourist speculates why investors might be slow to accept it

This is a piece about the bond market, but before you hit delete because you trade mostly stocks, I’d like to encourage you to read on. The U.S. 10-year Treasury note is the most important market in the world. It’s the risk-free rate that all other long-term assets are based. The fate of stocks and real estate is directly tied to that rate. It’s an inte…