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With Bonds in a ‘Coma,’ Buy Commodities: Bridgewater’s Patterson

Rebecca Patterson

Rebecca Patterson

Photographer: Victor J. Blue/Bloomberg

Investors should get out of bonds as rates rise and diversify their portfolios with exposure to commodities such as agricultural products, oil and metals facing supply disruptions due to the war in Ukraine, according to Rebecca Patterson, chief investment strategist for Bridgewater  Associates.

“You should absolutely have commodities in your portfolio,” Patterson said during an interview Friday with David Westin on Bloomberg Television. “We don’t know if bonds as a diversifier are dead or in a coma. I think they’re probably in a coma,” she said on “Wall Street Week.”