Bond Crash 2017 or Hot Air balloon?

The full article is available on the news section of the website of the publisher (Eliseo Partners)

Has the Dow Jones surge since Trump's election announced a violent "high- rotation" movement of assets to the detriment of bonds?
Some strategists warn investors. Other experts believe more in peaks of volatility, without collapsing debt markets, supported by the ECB's buy-back policy.

"Is the" bond bubble "about to burst? " said Mark Burgess, the European investment manager of asset manager Columbia Threadneedle, who had already suggested that "the election of Donald Trump could be the catalyst that bursts the bubble. " In his note on the 2017 outlook, he noted on Monday that "thousands of billions of dollars of bonds have negative returns, which means that yields are not at all in line with growth and inflation." According to the expert, "the credit cycle has not yet come to an end, but the time has come for caution. And it is already several months that we see this anxiety arise.”

Former US Federal Reserve Chairman Alan Greenspan has repeatedly said it is no longer the "irrational exuberance" of equity markets that worries him but the multiples of valuing bond markets that are "nails. "A "bull market" for 30 years!

Bank of America's chief strategist Merrill Lynch, Michael Hartnett, recently warned that the inflection point was July 11: "That day marked the end of the biggest bull market ever seen on the bond," he said, predicting a "high turnover" of assets to stocks that would be "very violent.”

The full article is available on the news section of the website of the publisher (Eliseo Partners)

Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions.The views expressed therein are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind.