I have fallen in love with bonds again – and with good reason

About four years ago, I fell out of love with bonds as an asset class, doubting their efficacy in a defensive portfolio. In May 2020, 10-year US bonds were yielding about 0.5 per cent and 10-year Aussie bonds about 0.8 per cent, and there were only two scenarios I could foresee – bonds would either remain at their low levels or sell off. Read the full AFR Article here.