Magazine
Latest Issue

Investment report: betting on bonds

Do they make sense today?

By Paul Wallace   March 2020

fff

If there is sense and sensibility in investing, bonds are undoubtedly the choice for Jane Austen’s grounded Elinor rather than her flighty Marianne. In modern times the regular income they provide has made them a bedrock of portfolios for those wanting to avoid the sturm und drang of volatile equities. But do they make sense today, when trillions of dollars of bonds worldwide offer outright negative yields if held to maturity?

The worry is that bond prices, which are inversely related to their…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect