Is the Hunt for Yield Driving Monetary Policy?
Global bonds are still driving toward their best performance in seven years even after an October rout. The Bloomberg Barclays Global Aggregate Index has returned 6.8 percent in 2016, set for the biggest advance since 2009. The gauge is powering toward an annual gain even after a 2.8 percent October loss that was the steepest since September 2014. While the Federal Reserve considers raising interest rates and other central banks contemplate the limits to their unprecedented policy actions, slow inflation is giving investors reasons to buy bonds. Pioneer Investment Management Portfolio Manager Michael Temple discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."