There's good news for fixed-income investors heading into next year, according to Goldman Sachs Asset Management.
After a dismal 2023, next year will be "the year of the bond," predicted Lindsay Rosner, head of multisector fixed income investing at the money manager.
"Fixed income is a great place to be," she said in an interview with CNBC.
The investment firm recently released its outlook for 2024 and called the recent run of negative fixed income returns in response to "an inflation and policy shock" an anomaly and not the trend.
"Given [that] duration can be your friend again, things are lining up to put you in a really good position in fixed income."
Persons:
Lindsay Rosner, TINA, TARA, Goldman, Rosner, Michael Bloom
Organizations:
Goldman Sachs Asset Management, CNBC, Federal Reserve, Treasury