Attendees use mobile devices to take photographs while sparks fly from a “little bull” firework sculpture during the National Pyrotechnic Festival parade in Tultepec, Mexico state’. (Photographer: Luis Antonio Rojas/Bloomberg)

A $55 Trillion Bond Market Goes `Mad’ as Everything Rallies

(Bloomberg) -- Whether you call it “Japanification,” a dash for safety or a bet on the Fed’s new normal, bond bulls are charging into some of the most notorious corners of developed debt markets.