Are bonds overvalued?

Our love affair with bonds grows more intense by the day. From investment grade conglomerates in Hong Kong to high-yield energy companies in Kazakhstan, our appetite for credit risk - apparently - is unconditional and indiscriminate. We love them so much, there's not enough to go around. For every dollar issued, there's an average eight dollars of demand.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1089213/are-bonds-overvalued