The Fed is on a collision course with the $20
trillion Treasury market
https://qz.com/1977815/will-a-tantrum-in-the-treasury-bonds-force-the-fed-to-step-in/
Powell Is Patient but Markets Aren’t, Challenging
New Fed Policy
https://www.bloomberg.com/news/articles/2021-02-25/powell-is-patient-but-markets-aren-t-challenging-new-fed-policy
https://qz.com/1977815/will-a-tantrum-in-the-treasury-bonds-force-the-fed-to-step-in/
https://www.bloomberg.com/news/articles/2021-02-25/powell-is-patient-but-markets-aren-t-challenging-new-fed-policy
The return of the bond vigilantes
[restricted access]
https://www.ft.com/content/542d6127-11e7-47ff-86cb-dd7bd974cda3
https://www.ft.com/content/542d6127-11e7-47ff-86cb-dd7bd974cda3
As Yields Rise, Beware the Hidden Risks in Ultralong Bonds
https://www.wsj.com/articles/as-yields-rise-beware-the-hidden-risks-in-ultralong-bonds-11614340252
Risk-Parity Quants Hammered by Stocks and Bonds
Moving Together
https://www.bloomberg.com/news/articles/2021-02-26/risk-parity-quants-hammered-by-stocks-and-bonds-moving-together
https://www.bloomberg.com/news/articles/2021-02-26/risk-parity-quants-hammered-by-stocks-and-bonds-moving-together
Past Outperformance of Bonds (unlikely to be repeated over the coming decade):
Bonds Beat Stocks Over the Last 20 Years
https://www.nytimes.com/2020/05/01/business/bonds-beat-stocks-over-20-years.html
Bonds Beat Stocks Over the Last 20 Years
https://www.nytimes.com/2020/05/01/business/bonds-beat-stocks-over-20-years.html