The global search for yield has driven the safer end of the bond market the historic lows, but the middle to lower end of the bond market is having money thrown at it too.
These do not appear to be rational allocations of capital in a world where Helicopter Ben and Super Mario have outlined their preference for inflation rather than deflation during their reign.
Value Investing, macroeconomics and views on the wealth management world from Rob Shears and the team at Valor Private Wealth
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