I read John Waggoner’s October 23, 2017 article in Investment News entitled “Why are investors still flocking to bonds?” in which he wrote:
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Bond funds have been astonishingly popular, despite an eight-year, rip-snorting bull market. The past five years, investors have poured $634 billion into taxable bond funds and ETFs, according to the Investment Company Institute, the funds’ trade group. At the same time, investors have yanked $9.5 billion from domestic stock funds and ETFs.
How has that worked out? For bond investors, not so well. The bellwether 10-year Treasury note yield has risen to 2.31% from 1.61%