Remove your rose coloured binoculars, reality is setting in

Rob Mead | PIMCO | 22 August 2019 | 0.50 CE

The new neutral is now firmly embraced by central bankers and investors alike. While the recalibration of interest rate expectations has surprised many, particularly bond bears who have migrated from hibernation to extinction, a 1% (and falling) Australian policy rate is your 2020 reality check. Hindsight has taught us the importance of active core bond funds as an insurance policy ...