Financial Times – 02/05/13

February 06, 2013  |   Financial Times,In the News   |     |   0 Comment

“It’s been a one-way street for a long time,” says Michael Kastner, principal at Halyard Asset Management. “This time last year it was a lot easier to buy investment grade bonds, but now rates are very low. You don’t need to see rates rise that much in order to erode a small coupon.”

Investors face end of big US bond returns