Government bond downside risks now outweigh upside risks, says Western
With government bond yields now more likely to rise than fall, investors will need to focus on both yields and credit spreads, says product specialist Mike Story.
Mike Story is London-based product specialist at Western Asset Management. The firm is part of US asset manager Legg Mason and manages the Legg Mason Western Asset Global Multi Strategy Fund. Story joined Western Asset in 2004. Before that, he worked for First Federal Bank and the Federal Reserve Bank of San Francisco.
What's your broad view of the bond and credit markets globally at present?Bond-market developments in recent months signal a number of shifts that will be themes in fi…
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