Wharton's Jeremy Siegel declares end to the 40-year bull market in bonds

'I see rates rising continuously'

"Forty years of a bull market in bonds. It's really hard to turn your head around, and say could this be a turning point? But I think history will say yes," said Siegel. "I see rates rising continuously over the next several years." Coronavirus risks sparked a flight to safety into bonds this year. Paired with massive fiscal and monetary stimulus, Treasury yields fell to record lows.

"They're [bond holders] are going to be paying for the battle against coronavirus in terms of diminishment of their purchasing power," he said, alluding to an inflation comeback that he believes will start in 2021.

TradingNation GINNIE MAE $VFIIX safety

TradingNation

TradingNation Yep

TradingNation So buy what? Bitcoin gold? Baseball cards?

TradingNation Looks like Don knotts

TradingNation ....Again

TradingNation Can you imagine if the govt, companies or people had to finance debt at 5 or 6%? Disaster for everyone. Wealth destruction and monetary reset- maybe finally end fed

TradingNation CordovaTrades i said this months ago when it ended in parabolic blowoff at 0.3 % yields.

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Source: CNBC - 🏆 12. / 72 Read more »