Many of the world's big bond fund managers, from BlackRock to Vanguard, are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight.
An anticipated half-point Federal Reserve rate hike on Wednesday, will take its policy rate to 4.25 per cent-4.50 per cent, from near zero in March, the swiftest rise since Fed Chair Paul Volcker battled an even worse inflation flare-up over four decades ago. Europe ends experiment with negative yields https://www.reuters.com/graphics/GLOBAL-BONDS/OUTLOOK/zjpqjjeezvx/chart.png
Jeffrey Sherman, Deputy CIO at DoubleLine, which manages almost $100 billion in assets, said his portfolio combines exposure to high-quality credit and Treasuries. Amundi's group CIO Vincent Mortier said the fund manager was overweight government bonds and investment grade credit.
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