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The Bull Market in Bonds Is Over, Says Fortress’s Novogratz

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Novogratz: Bull Market for Fixed Income Is Over

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Michael Novogratz is convinced the bull market in fixed income is over.

“The bear market has started,” Novogratz, principal at Fortress Investment Group LLC, said in a Bloomberg Television interview with Stephanie Ruhle and Erik Schatzker. “We’ve seen probably a low yield in 30-year Treasuries.”