Bond Market’s Biggest Bull Says 30-Year Gains Far From Over
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The bond market’s most unwavering bull, who has ignored conventional wisdom in the relentless pursuit of long-term U.S. debt, is undeterred by yields at record lows.
“We’re in the money-management business, we’re not in the mind-changing business,” said Lacy Hunt, the chief economist at Hoisington Investment Management Co. by phone from Austin, Texas. “We’ve thought for a very, very long time that the bond yield could go to 2 percent, or slightly lower, and that remains our view.”