Darius McDermott: Another perfect advert for strategic bonds

It was this time last year we were talking about the unique opportunities across the entire bond market, as the global economy recalibrated after the lockdown sell-off. Fast forward 12 months and we are back to a dearth of upside in what is widely considered to be a very expensive asset class. Bond-buying from central banks across the globe via quantitive easing will do that to a market (particularly at a rate never seen before) but the bottom line is that both the base rate and the spread are low. The best example of this is clearly government bonds - yielding almost nothing, I recently...