Fewer long-term bonds

Long-term fixed-rate bond issues may soon follow fixed-term mortgages into extinction, predicts A. Vincent Agnew, vice-president and senior portfolio manager for Chicago Title & Trust Company.

Mr. Agnew bases his prediction on the lackluster performance of long-term fixed-rate securities over the past three years and on the market's extreme vulnerability to swings over the past 12 months.

As a result, Chicago Title & Trust is advising its pension and trust customers to shorten maturities in their bond portfolios. This means unloading long-term fixed-rate bonds if and when interest rates come down and prices again adjust upward, Mr. Agnew says.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK