Top bond bund bets markets are wrong on rates, again
After successful bets against the world’s major bond markets paid off in 2022, a BlueBay Asset Management fund is positioned for another debt selloff this year.
By Greg Ritchie / Bloomberg
The London-based firm’s Global Sovereign Opportunities Fund is short US, Japanese and Italian rates, according to Chief Investment Officer Mark Dowding. He sees a market that is complacent about policy makers’ willingness to keep hiking borrowing costs, just as a string of major central bank meetings loom this week including from the Federal Reserve and European Central Bank.
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