Pessimism Reigns in Bonds as BlackRock Sees Debt Hurting Growth
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Being pessimistic is the way to go in the bond market this year.
Investors who plowed into the longest-dated U.S. government debt, which typically performs best during times of economic stress, have reaped a 17.5 percent return since 2013. That’s more than twice as much as gains on the Standard & Poor’s 500 Index and three times the returns on junk-rated securities.