By Christopher Sabo, CFA, Director of Risk Management at LMCG Investments. : Welcome to Portfolio for the Future! All About Alpha is now Portfolio for the Future, located here at caia.org. Yogi Berra was right about the 30+ year rally in bonds: “It ain’t over ‘til it’s over”. The chart below shows the persistence of this rally starting in the 1980s. Over this period, bonds have been considered a productive asset not only because of this consistent performance, but also because of their diversification benefits.