Tales of the Bull and Bear Bond Market

U.S. Treasury 14.00% due 11-15-2011 issue price 99.303 per $100.00. A year from now, this last great memory of the bear market in bonds will mature. The issue, from November 15, 1981, marked the end of a forty year bear market in bonds and the beginning of the 29 year bull market, which in my opini…