Bond Investors Place Big Bets Against Growth
- Axa, JPMorgan AM add Treasuries amid economic, trade concerns
- Dalio scorns Fed officials for ‘inappropriate desire’ to hike
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Billionaire Ray Dalio called out the Federal Reserve in Davos on Tuesday, echoing a sentiment that’s firing up some big managers to load up on duration.
Axa Investment Managers and JPMorgan Asset Management Inc. are among investors piling into long-dated bonds, confident that slowing growth will cause policy makers in the U.S. and Europe to moderate their resolve for monetary tightening this year.