Title: The Bond Market Bubble: Fact or Fiction?
Headings: 
The Bond Market Bubble: Fact or Fiction?
What Is a Bond Bubble?
Bubbles Throughout History
Understanding When It's Really a Bubble
Contributing Factors to a Bond Market Bubble
If the Bubble Is Real, Will It Burst?
Longer-Term Data Shows the Rarity of Major Sell-Offs
Non-Treasury Segments of the Market
Positive and Negative Returns
Weathering a Bond Market Bubble

Content: Note
It could be said that Treasury bonds are indeed in a bubble—not necessarily because of any investor mania as was the case in past bubbles, but because Treasury yields are higher than they would be without the Fed’s intervention to keep rates low. If the Bubble Is Real, Will It Burst? The conventional wisdom is that it’s almost certain that Treasury yields will be higher in the future than they are today. That's indeed the most likely scenario, but investors should give careful consideration to two factors. First, the increase in yields—if it occurs—is likely to occur over an extended period of time. It most likely won't occur in short, explosive movements such as the bursting of the dot.com bubble. Second, the history of Japan's bond market can provide some pause for the many pundits who have a negative outlook on U.S. Treasuries. A look at Japan shows a similar story to what occurred here in the United States several years ago: A financial crisis brought about by a crash in the property market, followed by an extended period of slow growth and a central bank policy featuring near-zero interest rates and subsequent quantitative easing . The 10-year bond yield dropped below 2%.