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Is This The Start Of A Bond Bear Market?

Graham Bishop, Investment Director at Heartwood Investment Management, offered his thoughts on the state of the bond market. "With US ten-year treasuries at four-year highs, does this herald the start of a bond bear market? Or, are we simply returning to a more ‘normal’ cycle of higher yields and higher interest rates? To some extent, longer-dated US treasury bond yields have been playing catch up with the front-end of the US treasury curve, as shorter-dated yields had already seen a meaningful rise in the fourth quarter of 2017. Growing confidence in the current synchronised global economic expansion, the inflationary impact of US...