Bears Beware: Bond Rout Puts Investors on the Wrong Side of Central Banks
Don't fight the Fed
(Bloomberg) –- JPMorgan Asset Management International CIO of Fixed Income Nick Gartside discusses the global bond rout with Bloomberg’s Anna Edwards and Manus Cranny on “Countdown.” (Source: Bloomberg)
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The biggest global bond rout in two years has put investors in a dangerous place: challenging the world’s most influential central banks.
The truism “don’t fight” the Federal Reserve has morphed into hedge fund manager David Tepper’s recent caution against taking on the “four Feds:” the European Central Bank, Bank of Japan and People’s Bank of China in addition to the U.S. central bank.