The bear market in bonds has arrived
Joining Gross and Buffett, another top strategist says government bonds are too expensive. With or without the Fed, the march to higher rates has begun.
A bear market in Treasuries is under way, even after a late-week rebound, according to Royal Bank of Scotland Group Plc.
“What we've seen in recent weeks is not a blip, it's the beginning of higher rates,” said William O'Donnell, head of U.S. Treasury strategy at RBS Securities in Stamfo
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