Reblogged from CNBC – Jeff Cox
If early returns hold, 2016 is shaping up as another year where the bond market’s demise has been greatly exaggerated.
Numerous forecasts around Wall Street warned investors away from fixed income, particularly longer duration U.S. government issues. The thinking was that the Fed’s rate-hiking trajectory would push up Treasury yields, eroding prices and sending investors to bond-like equities.
That theory has pretty much blown up in January.
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