If economics is the dismal science, then bond markets have certainly been obeying its laws. Range bo...
If economics is the dismal science, then bond markets have certainly been obeying its laws. Range bound, and suffering from low trading volumes, markets are delivering indifferent returns. Even the best performing bonds, US Treasuries in the year to date, have only just outperformed cash. In the corporate sector, bonds have turned in some of their worst performances in over 10 years, without even the excuse of imminent economic recession. Disappointing price action is becoming a kind of self-fulfilling prophecy. If markets are to break out of these doldrums, it seems it will take a sizea...
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