The financial media has been filled in recent weeks with talk about the extensive pain being endured by bond market investors. Some experts have even gone so far as to question whether the recent spike in yields is ushering in the long-awaited start of the new bear market in bonds. Given all of this recent talk, one would understandably think that the pain being felt by bond investors must be dramatic and uncomfortable. But upon closer inspection, it turns out that the damage in the bond market, at least to this point, is fairly limited. In fact, many segments of the bond market are actually still doing quite well.
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