UPDATE: The next step for U.S. bonds may catch the market flat-footed
BOND REPORT: Treasury Yields Nudge Higher As Investors Brace For 30-year Auction
BOND REPORT: Treasury Yields Tip Higher As Investors Brace For 30-year Auction
The year 2015 has been unkind to many CEFs, but investors can purchase shares at steep discounts.
Rising rates have pushed bond indexes into the red this year, but high-yield bonds, helped by tightening credit spreads in energy, have bucked the trend.
During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
Because interest rates do not always move in tandem, investors need to pay close attention to the yield curve and spreads to gauge risk.