Economics
The Best Bond Trader Says It's Time to Buy Bank Debt
- Western Asset Management Co.'s Eichstaedt is big on bank debt
- His Core Plus Bond Fund has beat 98 percent of peers this year
Goldman Sachs Manhattan headquarters.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
As an unprecedented era of rock-bottom U.S. interest rates comes to an end, finding a bond fund manager who will protect your money is more crucial than ever.
One of the best in the business says that, right now, there’s no better way to do that than by scaling back on Treasuries, betting big on U.S. banks and taking some risk in emerging markets such as Mexico.