On the Fritz

martin fridson


With interest rates embarking on what will likely be a protracted rise, bond investors are braced for a bearish trend. They are taking for granted that returns will be bad, leaving just two important questions: how bad will returns be? And in which sectors will returns be the least bad?

Some phrase the first question differently, asking, “Is this 1994 all over again?” That was the worst bond year in memory, with 10-year Treasuries returning -8.29% by Merrill Lynch’s measure. Bonds hardly lived up

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here