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2016-09-09

Cracks Are Appearing in Bond Market That Led Record Global Rally




Old Mutual Global Investors Ltd., which oversees the equivalent of about $436 billion, says a policy change aimed at steepening the yield curve wouldn’t be surprising, even though it would come at the expense of bondholders.

“It would definitely see some pain,” said Mark Nash, head of global bonds at the London-based fund manager.

“Money flows across borders. It’s all linked.”

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