In a recent Wall Street Journal article titled “Bond Market Bloodbath Is in the Math,” Richard Barley discusses the current state of the bond market and the extent to which duration can impact future fixed income returns. After a very strong 2014 and January 2015, global interest rates have charged higher in recent weeks – particularly on the long end of the yield curve. Since the short end of the yield curve in most countries remains anchored at very low levels, long rates moving higher has resulted in a steeper yield curve. In terms of bond performance, this translates into relatively stable performance from short dated (or lower duration) fixed income and much more volatile (and recently negative) performance from long dated, long duration bonds. For more on this topic, check out the article below.