It’s widely anticipated that the Federal Reserve’s rate hikes will soon come to an end, if they haven’t already. According to Boston-based Morgan Stanley advisor Peter Princi, it’s time to go long on bonds. “A year or two from now if rates go down two percentage points, I think people will be very disappointed that they didn’t lock in some of those 5% yields for longer,” says Princi, a advisor whose 15-person team manages $8.9 billion.
Speaking with Barron’s Advisor, Princi, a former baseball player in the New York Mets’ minor-league…
Source: barrons.com
