A bond is a financial contract where a government or a company borrows money from investors. In return, investors receive regular payments and their lump sum back at the end of the agreement.
Over the last 35 years, those who have invested in bonds are likely to have had a smoother ride than those who have decided to invest in other markets such as stocks and shares, but this could all be about to change.
Our research indicates that the positive performance of bonds is beginning to lose pace and the so called bond ‘bull market’ is coming to an end. In this video John Haynes, Investec Head of Research explains what he believes comes next for investors.