For anyone concerned about plunging bonds, don’t say you weren’t warned

For anyone concerned about plunging bonds, don’t say you weren’t warned | Financial Post

"After analysts got it wrong last year, bonds are doing what forecasters expected in 2015 — plunging. Byron Wien at Blackstone Group LP says there are more losses to come.
At the end of 2014, Wall Street’s forecasters predicted 2015 would be a disastrous year for benchmark Treasuries. With Federal Reserve Chair Janet Yellen poised to raise interest rates for the first time in almost a decade, prognosticators were convinced yields had to rise. The latest Bloomberg surveys of economists suggests the selling isn’t over.
Analysts don’t have a great track record….
“Yields are going to go higher,” said John Gorman, head of dollar interest-rate trading for Asia and the Pacific at Nomura Holdings Inc. in Tokyo. “People are coming to terms with the fact that the Fed is going to raise sometime toward the end of this year…"