Death-of-Bond-Market Concern Means It's Time to Buy, Peters Says
- Market seen in a ‘more rational place’ after yields climbed
- PGI’s McCaughan says Yellen remarks may settle market down
Jim McCaughan, chief executive officer at Principal Global Investors, discusses the retail sector and possible m7a in the space. He speaks with Bloomberg's David Westin and Alix Steel on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
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Greg Peters, who helps oversee more than $650 billion, said the recent jump in bond yields is a sign that investors should add to their holdings, rather than panic.
“It’s way too early to call the death of the bond market here,” Peters, who is senior investment officer at PGIM Fixed Income, said Monday on Bloomberg Radio. “I actually like when investors do that.”