How Dangerous Are Bonds Right Now?
Long-term investors in funds may have to contend with taking losses for quite some time Ali Masarwah 1 April, 2021 | 4:38AM "I used to think the perfect reincarnation would be to be reborn as a president or a pope. Or as a star baseball hitter. But today, I would be reincarnated as the bond market: You can intimidate anyone." This bon mot of James Carvill, an advisor to the Clinton administration, has more than just a grain of truth to it. If a crisis hits the bond market, even the biggest stock losses fade. Bond crashes often have a systemic c...