The following alert was sent to subscribers of Peter's Fixed Income Report yesterday. Rising Rates are Bad The market has been begging for some great rotation out of bonds and into stocks. They may be getting part of what they wished for – the rotation out of bonds. The problem is that “bonds” are too broad of a term. We are seeing “risky” bonds weaken whether the risk is duration risk or credit risk those markets are weak. What is far less clear (so far) is where that money is going to. This belief that investors will view equities rather ...![]()
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