Bonds Bearing Down

the only bear market that can sustain itself

The bond market has been in a bear market for sixty-three months. Sixty. Three. Months. We can’t get lower prices for sixty-three days (or six days, for that matter) in equities, but it is what it is.

With today’s dismal jobs report, bonds are slipping yet again, keeping alive the prospect that the latest pink pattern breaks down, sending interest rates …