Seeking Alpha Seeking Alpha Portfolio App for iPad  Recently,
Mohamed El-Erian, CEO and co-CIO of PIMCO -- one of the largest,
if not the largest, fixed-income management organizations --
penned an insightful article about what's happening to bonds
titled "What's Happening To Bonds And Why?" Unless you've been
in the dark (which would not describe a typical reader of
Seeking Alpha), the turmoil in global bond markets due to
anticipation of the Federal Reserve's reduction in bond
purchases has created historic velocity in the move of the
intermediate and long end of the yield curve, and technical
dislocations in emerging markets bond investments. Throw in the
turmoil in Detroit and municipal investments across the yield
curve have experienced pain, too.  It's a challenging time to
position fixed-income dollars within an asset allocation
program. Even in 1994, which was tough, I did not face such a
frustrating situation since there was no grand Fed bond buying
program at the time. The chatter in the adviser com