![Who Needs Bonds Anyway?](/summary-img/40652-KF8DKV94.jpg?h=M&b=0)
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Who Needs Bonds Anyway?
They don’t pay much interest, and future price appreciation is so not happening. Still, they have their uses.
Chief Investment Officer,
2020
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Low interest rates have become the new normal since the Great Recession, and central bankers have signaled their intention to keep rates low for a long time to come. Negative-yielding debt around the world exceeded $17 trillion in November 2020, yet investors flocked to bonds for safety during the COVID-19 pandemic. With interest rates at rock bottom, investors can no longer depend on sovereign and high-quality fixed-income instruments for returns. Financial journalist Larry Light looks at what the future holds for bonds in this informative report.
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About the Author
Larry Light is the markets editor at Chief Investment Officer magazine.
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