The three decade bull market for bonds is finally coming to a close, as U.S. Treasuries are providing less than half the yield of stocks and bond funds lose a record $47 billion in June,
Bloomberg and
Reuters report.
June's loss is the biggest monthly loss on record, eclipsing October 2008, according to TrimTabs. Though the Fed has not given a concrete date when it would begin tapering its $85 million of monthly bond purchases, and suggested it could start later this year if then, advisors to large fund managers, such as Omega Advisors Inc. to BlackRock, are avoiding long-term Treasuries.
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Edited by:
Casey Quinlan
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