Skip to content
Subscriber Only

Bonds Look ‘Dangerous’ at 300-Year High, Charteris Says

The 40-year bull market in fixed income will end soon, with interest rates set to rise and lower oil prices boosting growth, according to Ian Williams, Chief Executive Officer at Charteris Treasury Portfolio Managers.

“Bonds are a highly-dangerous asset class which carry heavy asymmetric risk versus any likely reward,” Williams said in an e-mailed statement. “Buying any asset at 300-year highs carries huge risk,” he said, referring to U.K. government bond yields that he said are the lowest since at least 1703. Charteris manages about 100 million pounds ($151 million).