John Haynes, Head of Research at Investec Wealth & Investment, discusses the end of the 35-year bull market seen by bonds. The article was originally published in Vision 2017, highlighting the thoughts of our Research Team, detailing some of the key investment themes they feel will be prevalent in 2017.
Download the full Vision 2017 eBook for free here: https://marketing.investec.com/vision-2017/ Bonds have been in a 35-year long bull market, spurred on in recent years by the extraordinary policies of central banks aimed at reversing persistent deflationary pressures. As a result, returns on safe-haven bonds have reached multi-century lows with large tranches of the market offering negative yields. Now, however, there are signs that the tide is turning and the implications could be profound for investors in other asset classes as well as bonds. |
Tags: