‘Time to Really Start Worrying’, Says Manager of Allianz Global Investors

The demand for US Treasury bonds remained high, and yields on 30 and 10-year bonds fell to a new record.

RIO DE JANEIRO, BRAZIL - The markets are unprepared for the severity of the consequences of the global spread of the coronavirus, and the turbulence has only just begun, according to a manager whose portfolio outperforms its peers.

The alert was sounded by Mike Riddell, manager of Allianz Global Investors, who manages US$4.7 billion for the company.

"The market's repricing speed was obviously drastic; however, the markets switched from not pricing any risk at all to a moderate risk," Riddell said in a phone interview. "We think the markets can still move in volatility. "

Riddell's Strategic Bond . . .

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