Is the 35-Year Bond Bull Market Over?

Is the 35-year bond bull market finally over? And if so, does that mean a bond bear market has to start? Or do we just stay at this sort of low rate situation for years to come? Russell: Your losses in bonds are in real terms. We can't live with bond deals at 5, 10, 15%. So those real double losses that we made on bonds simply aren't going to happen.