Source: Gentile Bellini: Prozession auf dem Markusplatz , via WikiCommons.

Odd Lots: How The Big Bull Market in Bonds Could Come Crashing Down

Plus, VaR models and Venetians!
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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

The stock market is currently on one of its longest bull runs ever, but that doesn’t hold a candle to what’s going on in bonds. According to Paul Schmelzing, a PhD candidate at Harvard and a visiting researcher at the Bank of England, you have to go back more than 500 years to find a bull market in bonds longer than than the one we’re experiencing now.

After last year’s bond selloff there’s a lot of interest in whether we’re on the cusp of a major downturn. In this week’s Odd Lots, Schmelzing walks us through the history of bull and bear markets in bonds and explains why we could see some gigantic losses ahead.

 

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