Gill Hutchison: Thank you, Mr Bond … but not goodbye

We have heard the ‘end of the bull market in bonds' story many times over - indeed, the end seems to have been coming for an awfully long time. Still, without wishing to get too hung up on these well-rehearsed arguments, it is worth pausing for a moment to contemplate what this means for diversified portfolios and mixed-asset funds. Notwithstanding a few bumps in the road, fixed income markets have had a pretty continuous party through the 1980s, 1990s and into this century. Not surprisingly, then, bonds have been getting rather tired. The 10-year gilt yield touched a whopping 16% in 198...