Jerome Powell, President of the Federal Reserve.
Column
Asset allocations · Opinion

Probably the best and worst year ever for bonds

Jerome Powell, President of the Federal Reserve.

This will probably be the worst but also the best year for bonds ever. Rising interest rates and credit spreads are causing hefty price losses. Inflation is a bond investor's worst enemy and it is skyrocketing. The fact that interest rates and credit spreads are rising fast is good for bond investors in the long run. Panic and volatility always create opportunities.

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