Bonds Feel Like ‘A Bit of a Perfect Storm,’ Says Nuveen’s Persson
Nuveen's Anders Persson described current bond market conditions as a perfect storm, citing a mix of factors driving yields higher. The firm is adopting a neutral stance and remains cautious about extending duration.
Anders Persson, fixed income CIO at Nuveen, sees “sort of a toxic mix here that’s pushing yields higher and higher” and says his firm is moving more neutral at this point and is “not quite comfortable going long duration yet.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
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