3.21.22 In Defense of Core Bonds
Core bond investors have experienced one of the worst starts to the year ever, potentially calling into question the validity of bonds in a portfolio. Despite the poor start, we don’t think the value proposition for bonds has changed much. Moreover, with yields on most fixed income markets moving sharply higher, now could be a good time to revisit fixed income markets. Starting yields are still the best expectation of future returns and have become more attractive in a number of markets recently.
Has the Value Proposition of Core Bonds Changed?
With most equity and fixed income markets down to start the year, a tradit
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