Treasuries on Brink of History as Guggenheim Says Rally Not Over

  • U.S. government debt has returned 5.8 percent so far in 2016
  • Best start to year in two decades seen as just the beginning
Photographer: John Greim/LightRocket via Getty Images
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The $13.4 trillion U.S. government bond market is on the brink of history.

Ten-year Treasury yields closed within 0.06 percentage point of their all-time low Monday. Even with bonds off to their best start to a year since 1995, two of the market’s most-experienced observers say the rally is only getting started.