Is the Bond Gravy Train Derailed? What to Buy (and Sell) Right Now
November 13, 2019 at 04:00 AM EST
Interest rates are the talk of the bond world right now. They are going up for once! Does this mean we should book profits on our fixed-rate bond positions? They have benefited greatly from sliding interest rates throughout 2019 (and that’s an understatement). Most income investors are thrilled to see 4% or 5% returns from their bond funds. What they wouldn’t give for the eight-pack of “bond moonshots” we contrarians have enjoyed for 25% average returns! How We Made 25% in 11 Months with Safe Bonds Yet I’m sitting here at the Inside Fixed Income conference (the bores I endure for you, dear subscriber) in San Diego, California (well… never mind) hearing about the $74 billion now held in bond ETFs.… Read more