The more central banks mess around with global bond markets, themore you have to question how you invest in bonds.
Think safe-haven debt, such as U.S. Treasuries, will provide ahedge against losses on stocks? Not always. Or that central bankersreally have control over borrowing costs? Or that you ought to getpaid to lend money to Germany, Switzerland, France, and Belgium?Nope, on both counts.
The latest market turmoil is underscoring the difficulties ofrelying on conventional wisdom at a time when bond markets aredominated by the trades of Chinese, European, and U.S.policymakers. While stocks globally just underwent a plunge thateliminated US$5 trillion of value in less than two weeks, bondsacted in some surprising ways.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
