Why buying bonds is 'a leap of faith'

As one of the multi-asset sectors, specialist has witnessed the ebbs and flows into the major asset classes.

Equities, especially UK equities, so unloved before the UK General Election, have found buyers in abundance. Safer asset classes proved less popular and this trend continued into 2020, until the spread of the coronavirus. Odey's Tim Bond: Coronavirus optimism is reminiscent of the Global Financial Crisis With no market looking particularly cheap in bonds and large-cap equities, financial markets were vulnerable to earnings misses, inflation surprises or a left-field event; equity markets have had a large dose of the latter. The virus will continue to dominate headlines, and...