Global bonds face downward trend without stock crash

According to Barclays analysts, global bonds are expected to continue falling unless there is a significant decline in equities in the coming weeks. The recent rally in bond yields, particularly in the muni market, has raised concerns among investors. However, there are no underlying credit issues causing this rise in yields. Bill Gross, the co-founder of Pimco, also commented on the market, suggesting that stock valuations are overinflated and that bond yields need to fall significantly to justify current valuations.