The bond market bloodbath that has unfolded over the past few weeks has caught many fixed income investors by surprise. As a result, investors who bought in at the top of the market are now sitting on hefty losses (compared to yields) capital losses.
Also see
Dalio Warns That Bond Investors Could Be Wiped Out
Horseman Global Says Long Bond Bets Will Regret It ..
Over the summer it was calculated that as much as $13 trillion in high-grade sovereign and corporate bonds were trading with negative yields, but this didn’t dent demand for the securities. Negative interest rates imposed by the European Central Bank and Bank of Japan made the negative rates on offer with high-grade debt look relatively...

