An article today on Bloomberg.com suggests asset managers are beginning to sell Treasuries and other government bonds
An article today on Bloomberg.com suggests asset managers are beginning to sell Treasuries and other government bonds. After a 3.5% increase this year in global government debt, some institutions believe bonds are overpriced. According to the article, Western Asset Management's $10 billion bond fund started selling government-debt last month. Morgan Stanley has also set its Treasuries recommendation to maximum underweight. This wouldn't be the first time Wall Street firms have jumped the gun on the bonds rally. On the other hand, at some point bond prices are going to mean-revert. Is that time finally here? (VIEW LINK)
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