Thu, 27 Mar 2014
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Central bank policy is divided, but there are profits to be made in fixed income if you can stay one step ahead of the Fed, ECB, and Bank of Japan , says JP Morgan's Bob Michele.
BlackRock's Rick Rieder expects the bond market to focus more on alpha creation next year, but investors should watch for rising duration risk as well as ongoing troubles in Europe .
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.
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