The One Question That Clients Aren’t Asking Reveals Complacency in the Bond Market : What interest rate risk? / Bloomberg

No, interest rates will not stay that low for ever : the dream bond investors have lived for years will turn into a nightmare if they are not prepared.

“Year-to-date, total returns in every area of the fixed income market are strong, really positive, whether it’s Treasuries, whether it’s high yield, whether it’s preferreds, emerging markets, everything’s done great,” … “That doesn’t normally happen. You don’t normally have long Treasuries producing double digit returns and high yield at the same time.”

http://www.bloomberg.com/news/articles/2016-09-13/the-one-question-that-clients-aren-t-asking-reveals-complacency-in-the-bond-market