The trend down in yields is well in place since Oct 1987.
Although this looks infinite and we saw a lot of abnormal things in the last few years, 30Y yields are unlikely to go too close to zero.. how close is the question..
Zero rate would be technically possible in 2020.
This year, i can see rates diving further to 150/100bp area where long term bonds will be subject to a sell off.
Who wants to receive 100bp on a 30Y paper that can be slashed in value during that long period.
This is nuts. The next few years are surely an historical turning point.
