Many believe that bonds, especially US government bonds, are a poor investment right now, but there are many reasons to think otherwise.
While my company doesn’t actively bet on the bond market, or any market for that matter, bonds are part of our long-term asset allocation, and it’s going to stay that way.
Some history might be helpful: In September 1981, the US 10-Year Treasury Bond yielded 15.8 percent. That was the same year Mohammad Ali retired from boxing, the Sinclair ZX80 was state-of-the-art computing, and American Airlines introduced us all to the idea of frequent flyer miles.
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