Bets on ‘Year of the Bond’ Persist in Face of Still-Hawkish Fed
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Visitors around the 'Charging Bull' statue near the New York Stock Exchange in New York, US.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Some of the biggest bond managers are sticking to their bullish view on the market for US government debt, even as that trade looks riskier by the day.
Brandywine Global Investment Management, Columbia Threadneedle Investments and Vanguard Group Inc. are keeping the faith that a rousing fixed-income rally is coming, a stance that is being sorely tested by the economy’s resilience and the Federal Reserve’s eyeing of higher interest rates.