TwentyFour's Holman: How to prep your bond portfolio for recession

clock • 4 min read
Mark Holman, portfolio manager at TwentyFour Asset Management
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Mark Holman, portfolio manager at TwentyFour Asset Management

The first half of 2022 was one of the most painful periods in living memory for financial markets.

With inflation forcing aggressive tightening from central banks and the global economy still struggling with the impact of COVID-19 and Russia's invasion of Ukraine, we have seen a breakdown of traditional correlations and hefty losses across asset classes; the S&P 500 US stock market index produced its worst H1 total return in six decades, and bellwether 10-year US Treasury bonds had their worst H1 for over two centuries. At the eye of this seemingly perfect storm for markets has been one big question for investors, which is whether central banks can bring down inflation without tighten...

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