Some Investors Are Betting the Flight to Bonds Is Overdone

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The 2019 bond rally has reached epic proportions this summer. A hearty pack of skeptical investors is betting it is way overdone.

Sentiment in debt markets has rarely been more euphoric.

Yields on German government bonds have slumped to all-time lows, pushing prices higher and driving the stock of global negative-yielding debt to $15 trillion. Yields on 10-year U.S. Treasurys this week fell below two-year yields for the first time since 2007, a pattern known as inversion that many investors view as a harbinger of economic...

 

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