Invest: Lazard Expert: Why bonds are giving portfolios stability again
Lazard bond chief Benjamin Dietrich explains why he sees good opportunities in US bonds and why bonds are becoming serious competition for stocks.
Benjamin Dietrich, head of bonds at Lazard, says that with rising government bond yields, bonds are becoming more competitive with stocks. Global bond yields have nearly quadrupled since the Covid pandemic. Dietrich expects long-term demand for bonds to remain high, citing US pension funds' high stock market gains that can now be invested at attractive bond yields. The real yield, minus inflation, has risen to 3.5 percent, which is significant for institutional investors.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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