Across asset classes, investors are worried about a bond market crash, according to a survey of fund managers around the world conducted by Bank of America Merrill Lynch.
They think that bond prices are frothy, showing signs of being in a bubble — meaning that prices are much higher than what bonds are actually worth.
Bond prices rose and pushed yields lower as investor demand grew and central banks, in Europe for example, bought bonds to lift inflation and fire up their economies.
…related:
Central bankers are able to put off the day of reckoning for years
