Duration back in fashion as US reflation reversal fuels bond bulls
This is despite the Federal Reserve's hawkish posture
London
REPORTS of the death of long-duration debt have been greatly exaggerated.
A slowdown in US reflation, a bear market in oil prices and the onset of the summer lull are set to reinforce the allure of global bonds with long maturities, according to investors and analysts such as Pimco, Citigroup Inc and UBS AG.
"Duration looks attractive even at this level," Geraldine Sundstrom, portfolio manager at Pimco Europe, said in an interview on Bloomberg TV.
In a reversal of Wall Street's high-conviction call …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Visa results beat expectations on strong consumer spending trends
Goldman Sachs shares rise to notch first record high since 2021
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world