Citadel Securities Sees Bonds Return as Haven Amid Growth Risks

Bonds are reasserting themselves as a hedge against risk as investors worried about growing tensions in the Middle East shift their focus from inflation to slowing growth, said Citadel Securities.

“There are signs we are approaching a shift,” Nohshad Shah, head of EMEA fixed-income sales at Citadel Securities, wrote in a client note, citing cross-asset moves.