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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

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.