Zemek: What the Great Gatsby didn't teach us about bond markets

AXA IM's global head of fixed income Theo Zemek has warned bond markets are becoming increasingly unpredictable and says investors "should not touch" long-dated debt of any variety.

The fixed income stalwart is marking 30 years in bond markets this week - hot on the heels of global bond markets' fourth worst month in two decades - and said the modern era of predictable fixed income investing is now drawing to a close. Zemek (pictured) told investors today that she started her fixed income career with similar assumptions about the predictability of bond markets. Her familiarity with a fictional bond salesman, Great Gatsby narrator Nick Carraway, had led her to believe she would be starting her career working in a US treasury market in which there was "not much to ...