U.S. Bonds May Risk Repeat of the 1994 Bear Market, Goldman’s O’Neill Says

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U.S. government bonds may post losses like those seen in 1994 if “vigorous” economic growth causes the Federal Reserve to change policy, said Jim O’Neill, chairman of Goldman Sachs Asset Management. “I’ve been around for 30 years and that includes having gone through 1994 when we probably had about the only savage bear market in [...]

By bloomberg