Low interest rates have become the new normal since the Great Recession, and central bankers have signaled their intention to keep rates low for a long time to come. Negative-yielding debt around the world exceeded $17 trillion in November 2020, yet investors flocked to bonds for safety during the COVID-19 pandemic. With interest rates at rock bottom, investors can no longer depend on sovereign and high-quality fixed-income instruments for returns. Financial journalist Larry Light looks at what the future holds for bonds in this informative report.
About the Author
Larry Light is the markets editor at Chief Investment Officer magazine.