No one really knows what the bond meltdown will look like

But everyone knows it’s coming.

The Reformed Broker has some jarring commentary on the bond bubble.

There’s going to be such a brutal bond investor slaughter at some point over the next decade that the streets of Boston’s mutual fund district will run red with blood, the skies will be shot through with the lightning and thunder of unexpected capital losses and those who manage to survive will envy the dead.