Edwards: It’s The End Of The Bond Bull Market And A US Recession Is Aready Underway

Bond Bull Market dead? Has the bull market in government bonds finally ended? That’s’ the question perma-bear Albert Edwards poses in this week’s copy of his weekly Global Strategy research note.

Government bond yields have been rising over the past few weeks, which is great news for yield investors but may indicate more disturbing stresses are developing in the financial system. What’s more, recent rapid sell-off in bonds, and most importantly the cause of the sell-off, is leading many investors to question whether the almost 35-year bond bull market is over.

Japanese, UK, and US 30-year bonds have lost...