, Columnist
This Might Be the Bond Market’s Dot-Com Moment
It’s debatable whether fixed-income assets are one big bubble waiting to burst, but when the market does turn it’s going to cause a lot of pain.
About to pop?
Photographer: Frederick Florin/AFP/Getty Images
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Stock markets are known for often going too far. So can bond markets, although they tend to go mad a little less often, and to do so in a way that’s far less visible to the general public.