Midyear Outlook: Bond Investing in the Era of Low and No Yield
(WorldNews Japan)

Low yields plus rising defaults seemingly leave little ground for bond investors seeking safety or income-or both. But for investors who remain flexible, these objectives aren`t as distant as many think. Markets Didn`t Stay Down for Long March 2020 was among the most challenging periods in the history of the bond markets, as fallout from the coronavirus pandemic derailed a global economy already experiencing tepid growth. Credit spreads blew out to their widest levels in a decade, and at unprecedented speed. Liquidity evaporated. Oil prices plunged. And bond investors found they had nowhere to hide outside of government debt-and US Treasuries in particular. In early April, we forecast that...