Last week's sharp bond selloff prompts some analysts to talk about "a secular turning point for...

|By:, SA News Editor

Last week's sharp bond selloff prompts some analysts to talk about "a secular turning point for bond markets," but others point out that a little perspective is in order. A historical look at 10-year rates for the past half-century would seem to show that bond yields are not “spiking” at all - "we are finally just reverting to the mean."