Ben Carlson, Columnist

Even With Low Returns, Bonds Still Have Their Use

The current situation will require investors to lower their expectations, but they'll still need a hedge.

November 16, 2017 at 6:19 PM UTC

Ben Carlson is director of institutional asset management at Ritholtz Wealth Management. He is the author of "Organizational Alpha: How to Add Value in Institutional Asset Management."

Going down.
Photograph: Andia/UIG via Getty Images

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DoubleLine Capital’s Jeffrey Gundlach recently warned of the possibility of an end to the bond bull market that has been going strong since the early 1980s:

Eventually that day will come and investors will experience a rising rate environment. In fact, we technically may be in one already, as the 10-year Treasury yield sunk below 1.4 percent in July 2016. Since the summer of 2016, rates on the 10-year are now about 100 basis points higher.