By SIMON CONSTABLE
The bond market has been in a three-and-a-half decade bull market as the cost of borrowing money has steadily fallen. Bond prices and interest rates move in opposite directions.
With rates now at historic lows, the question is simple: Can they go lower, or are we at the bottom? Or as the kid in the back seat of the car repeatedly says, are we there yet? Even a few years ago some pros were saying that interest rates could not go lower, and yet even since then the cost of borrowing has dropped.
At least some observers think we have arrived at the bottom, and hope that rates start to rise soon. One such market professional is Edward Dempsey chief investment officer at Pension Partners.
Watch, listen, and learn as he explains his thoughts in this video.