Investment strategists and bond managers around the globe weren’t going to be fooled again. They were bearish on the prospects for bonds at the start of 2011 and bullish on risk assets. The Euro debt crisis then handed them a flight to quality into U.S. and other “safe” government bonds and pummeled anything else. This made for an exquisite set up going into 2012. Forecasts had risk assets continuing their descent into financial Hades and safe government bonds continuing their ascent into the financial Heavens.
Read the full newsletter at the link below.Canso April 2012 Corporate Bond Newsletter