- The bond market is partying like it's 1999, and there is no end in sight.
- Despite wide spreads and tight spreads, bonds still need to be bought by insurance companies, money managers, university endowments and other institutions that have ratings partially based upon their bond positions.
- With the tremendous amount of stimulus cash that has hit the markets, bonds are one of the delicacies for investors, as few understand or appreciate the yields in closed-end funds and exchange-traded funds, and so, they are mostly overlooked.
For further details see:
Bonded, But Certainly Not Indentured