The Big Question: Where are you finding the most value in bond markets?

Stuart Frost, manager, RWC absolute return bond and currency team   Front of US curve Currently, the best value is probably in the front end of the US curve. In German bunds we have yet to fill the contract roll gap up to 142.65 so that remains a target. The long-end of the US market remains choppy above the 200 day moving average and, given the recent relatively positive US data, one would have expected bond yields to be higher. But they are not, suggesting the market has good support as the five versus 30 yield curve creeps back up. That cannot be something the Fed wants to ...