Economics
Hottest Bond Market in History Is Starting to Make Some Nervous
- Duration bets at a record as coronavirus spurs caution
- Haven play may turn dangerous if doomsday doesn’t come
This article is for subscribers only.
Surging rate-cut expectations and a desperate lunge for safe assets amid the coronavirus outbreak have earned the bond market a lot of fans in recent weeks. The resulting rally is creating a few detractors, too.
A growing chorus of strategists and money managers is voicing concern as investors charge into government debt at seemingly any price.