Macquarie Is Calling the End of the Great Bond Bull Market
- Bank’s stategists see benchmark yields climbing to 4 percent
- Moves expected as central banks step away from bond purchases
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Macquarie Group is calling time on the three-decade bull run in U.S. Treasuries.
They reckon benchmark yields are poised to climb to 4 percent over the next 18 months, presenting fresh challenges to investors who have become accustomed to more than 30 years of rising bond prices.