Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market.
That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like stocks.
JJ Kinahan, TD Ameritrade chief strategist, said clients of his firm have been selling stocks and buying bonds for the past two months.
“People are talking about bonds and bond yields like they were talking about Beyond Meat a month ago. You’re talking about bonds trading like high-flying stocks, ” he said.
Beyond Meat went public in May at $25, before peaking at…