Will Hickson and the team at Morgans talk about investing in bonds.
We excluded Bonds from our portfolios in recent years due to a poor risk/reward outlook.
That risk/reward equation has now changed in the investor's favour.
Notes and shares will be less supported by Central Banks, Governments, and the economy in 2023; indeed, all three may provide a headwind to investment markets.
Our market observations confirm slowing global growth
We predict a recession in the US and walk through some of the indicators
We present graphical demonstrations of the defensive nature of Bonds during slowing growth periods and in crises like Covid
Our Economist Michael Knox models fair value in Bonds
Bonds provide recession insurance, tail risk insurance, regular stable income, AAA-rated capital security
We would implement a 3 phase investment strategy in Bonds, namely now, in Feb/Mar, and potentially in June/July
We discuss why notes could be the funding source for your Bond purchases