There has been a lot of talk about a bond bubble recently and with the below chart (complements of Société Générale) it is easy to see why.  Bonds have an inverse relationship with interest rates, which means if interest rates go up, bond prices go down.

Bonds have been in focus recently due to the rising interest rates environment we have entered into.  This is because Bonds and Interest Rates share an Inverse relationship - if interest rates go up bonds prices go down.  If Interest rates go down bond prices go up.  Therefore, if interest rates are going up almost all bonds are going to be hurt