The Impressive Bond Market Rally: Examining the Recent Surge in Prices
The bond market has experienced a remarkable rally since the October lows, with Vanguard’s Extended Duration Treasury Index ETF (EDV) soaring over 30%. This surge has boosted investor sentiment and led many to believe that the bear market in bonds, which began in 2020, is now over. However, it is important to approach this rally with caution and not automatically assume that bonds are now in a bull market.
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