Marcus Ashworth, Columnist

For Bond Traders, It’s Wait Till Next Year (Again)

This was supposed to be the year of the bond. It wasn’t.

October 10, 2024 at 4:00 AM UTC

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. Previously, he was chief markets strategist for Haitong Securities in London.

Fed Chair Jerome Powell.
Photographer: Bloomberg/Bloomberg

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A return to lower yields has been every bond fund manager's dream since the nightmare of 2022. But now, with expectations dashed that they’d get their wish this year, it appears they’ll have to hang their hopes on 2025.