The wait for an elusive recession is getting costly for big-name money managers bullish on bonds. They’re doubling down

Prominent money managers who bet on government bonds in anticipation of a recession in the US are now facing subpar returns as Treasury yields reach a 15-year high, although some remain firm in their strategy and continue to buy dips in bond prices.

fortune.com

Relevant topic timeline:

8/22/2023

Analysis: From stocks to bitcoin, soaring US yields cast shadow over risk asset rally

Surging U.S. Treasury yields are causing concern among investors as they wonder how much it will impact the rally in stocks and speculative assets, with the S&P 500, technology sector, bitcoin, and high-growth names all experiencing losses; rising rates are making it more difficult for borrowers and increasing the appeal of risk-free Treasury yields.

8/23/2023

Analysis: US bond yields surge despite muted inflation as investors look beyond Fed

The recent spike in U.S. bond yields is not driven by inflation expectations but by economic resilience and high bond supply, according to bond fund managers, with factors such as the Bank of Japan allowing yields to rise and an increase in the supply of U.S. government bonds playing a larger role.

8/23/2023

You'll Have This Much Money In 10 Years If You Lock In 5.6% Now

Investors are turning to high-yield cash alternatives, such as savings accounts and bonds, which offer returns of over 5% and are outperforming the S&P 500, prompting some to reconsider their exposure to the stock market's volatility.

8/28/2023

Treasuries Lure Buyers as Juicy Yields Offset Powell Warning

US Treasuries are attracting investors despite the possibility of interest rate hikes, as the potential income from high yields outweighs the potential losses from rate increases.

8/29/2023

High bond yields imperil America’s financial stability

Despite the appearance of a "Goldilocks" economy, with falling inflation and strong economic growth, rising yields on American government bonds are posing a threat to financial stability, particularly in the commercial property market, where owners may face financial distress due to a combination of rising interest rates and remote work practices. This situation could also impact other sectors and lenders exposed to commercial real estate.

9/16/2023

Bond Yields Remain Elevated as Investors Debate Whether Economy Can Withstand Further Rate Hikes

Amid indications that the bond market is betting on higher interest rates for a longer period, some investors are placing bets on the economy hitting a wall and a potential reversal in policy in the near future.

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Posted 8/20/2023, 10:00:00 PM

The wait for an elusive recession is getting costly for big-name money managers bullish on bonds. They’re doubling down

fortune.com

Relevant topic timeline:

8/22/2023

Analysis: From stocks to bitcoin, soaring US yields cast shadow over risk asset rally

8/23/2023

Analysis: US bond yields surge despite muted inflation as investors look beyond Fed

8/23/2023

You'll Have This Much Money In 10 Years If You Lock In 5.6% Now

8/28/2023

Treasuries Lure Buyers as Juicy Yields Offset Powell Warning

US Treasuries are attracting investors despite the possibility of interest rate hikes, as the potential income from high yields outweighs the potential losses from rate increases.

8/29/2023

High bond yields imperil America’s financial stability

9/16/2023

Bond Yields Remain Elevated as Investors Debate Whether Economy Can Withstand Further Rate Hikes