Bond-investing company Western Asset Management is calling a top on the red-hot market for Treasury bonds and buying corporate debt instead
Bond-investing giant Western Asset Management Co. is calling a top on the red-hot market for U.S. Treasury bonds and buying into corporate debt instead.
Panicked buying of U.S. government bonds in reaction to the global spread of the coronavirus has set Treasurys up for a fall, Michael Buchanan, the firm’s deputy chief investment officer, said Friday.
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