BNP Paribas strategist cites pressure on bond investors buying size
Christopher Iggo of BNP Paribas Asset Management said it is “tough” for bond investors to start buying bonds in size. He pointed to a stronger case for rate hikes, corporate-bond competition and the Fed’s guidance pullback.
"It's a brave investor that's going to start buying bonds in size today."-Christopher Iggo, strategist at BNP Paribas Asset Management.
He says a stronger case for rate hikes, competition from corporate bonds and the Fed's recent pullback from guiding markets are driving the global bond rout.This i…