Asset Allocation
Bonds Should Climb Nicely in 2024, WTW Predicts
Dropping central bank rates will help a lot, with the 10-year Treasury total return rising as much as 13%, the firm contends.
Dropping central bank rates will help a lot, with the 10-year Treasury total return rising as much as 13%, the firm contends.
They describe how higher rates have elevated the once-ignored asset class into a vital position.
The big yield advantage they enjoyed over developed countries’ debt issues has narrowed, but EM paper retains other pluses.
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Higher interest rates have turned fixed income from a ho-hum investment into the hot new thing. Just ask LACERA.