Goldman Asset Likes Inflation Bonds Amid Best Rally Since 2012
- Inflation bonds returned 6.9% in U.S. this year, 31% in U.K.
- Australia, Japan, U.S. are selling long-term debt this week
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Goldman Sachs Asset Management is recommending Treasury Inflation Protected Securities as the bond market signals consumer prices are poised to rise.
“We like them a lot,” Mike Swell, co-head of global portfolio management for fixed income in New York, said in an interview on Bloomberg Television Tuesday. “Investors are catching up to what a lot of us in markets already know, that inflation is picking up.” The firm invests or advises on more than $1 trillion of assets, according to its website.