Analysis - U.S. bonds surprise by hanging tough after rough summer



While the Treasury market is still on the hook for a weak year, junk bonds and a few other sectors are set to end with respectable gains after surviving a turbulent summer driven by fears the Federal Reserve would start to dial back stimulus.
"Major government bond markets have entered into a long-term bear market. You need bonds that hold up well in a rising rate environment," said Kristina Hooper, head of investment and client strategist at Allianz Global Investors in New York, which manages $409 billion in assets.
While bond investors can breathe a sigh of relief for now, the... read more

 
8 November 2013 in Business, Views: 25
Source: Reuters
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