Allianz Research warns bond-market outlook may worsen first
Allianz Research analysts say the bond-market outlook could get worse before it gets better, citing a negative feedback loop between higher rates and debt sustainability.
The bond market outlook could get worse before it gets better, Allianz Research analysts say in a note. "While current yield levels look attractive, the negative feedback loop between higher rates and debt sustainability could trigger self-fulfilling prophecies in several countries," they say, poin…