when interest rates began all over the West a long-term decline of up to ridiculous levels today. For this reason also most market participants believe that the bond market is now at, or about what historians Saattabrh market in the culmination of a long day Mady- as economies recovered and interest rates began to rise again, the bond prices should go down. And therefore if inflation began and forced central bankers raise interest rates quickly for a long time to contain it, the bond prices will not only go down but it will collapse.