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Echoing Nomad, I'd say that, if you are aiming at being understood by the non-initiated, you might give an explanation of the counter-intuitive declining trend line in the first graph compared to "a 20-year bull market for bonds". Ie, explain the mechanics of bond markets a bit.

Does it help to say that as the price of a bond goes up its yield goes down? Is that what's counter-intuitive about it?

Can the last politician to go out the revolving door please turn the lights off?

by Carrie (migeru at eurotrib dot com) on Tue Jun 19th, 2007 at 10:04:24 AM EST
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