After Summer of Easy Profits, America’s Bond Traders Are on EdgeBy
Fund managers take greater cash positions as yields near lows
Bank of America sees a rate shock as ‘prime’ risk by year-end
The summer of 2016 was very good to America’s bond investors. Trading was leisurely enough, volatility was low and profits rolled in nice and easy as prices climbed higher.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.