MarketWatch Premium: The bond market rally, fueled by extreme bullishness, is likely over by now

United States

The bond market rally of the past four months is close to already being over — if it’s not already.

I base this bold assertion on a contrarian analysis of bond timer sentiment. The average short-term bond timer rarely has been more bullish than he is today, and markets typically don’t rise in the wake of such extreme bullishness.

If contrarian…