With equities looking increasingly volatility and valuations as frothy as ever, long term bonds have been quietly outperforming recently. I expect this trend to continue for foreseeable future and for us to rise 5-13% from here conservatively.

The global climate is shifting to reducing risk and buying safe haven assets. Therefore, 20 year bonds will likely continue to be a source that reaps the benefits of capital outflow from stocks and into US treasuries.
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