Big US bond managers steer clear of long-dated government debt

A number of U.S. bond managers at firms in charge of trillions of dollars of assets are steering clear of long-term U.S. government bonds as they expect fiscal worries to spur periodic bouts of volatility.

Long-term U.S. Treasury yields, which move inversely to prices, briefly rose on inflationary and fiscal concerns in the aftermath of U.S. President Biden’s disastrous TV debate last month and after last weekend’s assassination attempt on former President Donald Trump, which increased expectations that Trump could regain the White House.

Source: REUTER