If your clients dropped bonds at the beginning of the year, they’ve missed out on global returns of about 4.2%, say two FTN Financial experts interviewed by Bloomberg.
The outlet says both Jim Vogel, CFA, and Chris Low, chief economist, have consistently “urged investors to ignore the consensus calling for an inevitable selloff in bonds [in 2014].”
Read: Don’t bet against bonds
Bonds yields will drop, finds the pair, but Bloomberg suggests many other strategists and economists made sell-off predictions too early.
Read more about how the bond market may perform.
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