Dial Down Risk in Your Bond Portfolio
Federal Reserve chief Jerome Powell removed a primary peril to bonds recently when he renounced additional credit tightening. His pledge rewards both long-standing bond investors and prescient traders who expected the recent, sharp rally. Powell also embarrassed the crowd of fixed-income bears, including bond big fella Jeffrey Gundlach. Gundlach recently foresaw the 10-year Treasury yield stepping on an elevator to 6% in a year
