“Now remember, Bernanke didn’t change rates, he just implied that rates may increase in the future. The market, however, took that rhetoric and ran. Accordingly, the bond market fell. For instance, from its high around May 1st the 30-year treasury market has fallen some 9%. Nine….freaking….percent. That’s a huge move for a seemingly steady and professional market like bonds. It’s also a devastating move to risk-averse bond investors (like my dad.) All said, safety seekers got burned. And you can thank the ‘Ber-nank.'”

http://dailyresourcehunter.com/the-i-thought-bonds-were-safe-fallacy/

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