Govt Bond swings burn Wall St Investors

 Front page headline from the Monday Wall St Journal.  Turning to page A2, we have a couple of graphs for yields on 2 year and 10 year bonds.  The 2 year bond yield peaks out at 0.6%.  What is a Wall St investor doing messing around with a 0.6% yielding security.  Just about any stock will yield 6 %, ten times as much over a year.  I'd say those Wall St investors got burned by intense stupidity rather than bond market swings.