Mohamed El-Erian on the bond markets: 'If you stick with the old rules, you will lose'
From cnbc.com
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Economist Mohamed El-Erian told CNBC Friday that investors need to think differently about the global bond market, saying that the asset class should be treated in an “opportunistic” manner rather than as a core part of a portfolio.
A 30-year bull run for fixed income has continued this year as investors have rushed to so-called “safe havens” amid the U.S.-China trade war and concerns over an economic downturn.
Estimates earlier this summer showed that approximately $15 trillion of government bonds now traded with a ...