The long end of the Treasury Bond Market, 10 and 30 Year Government Bonds have been in a bull market from September 1981 until December 2008, when yields on the 10 Year Bond touched 2% and yields on the 30 Year Bond touched 2.51%.
Since then despite intervention by the government yields have actually backed up. Basically he had a long term bull market in bonds from 1981 to 2008 and I think in 2009 we have now the beginning of a long term bear market that will extend for the next 15 to 20 years.
