Kiplinger Features Deputy CIO Pierson on Outlook for Interest Rates, Bond Markets

An October 3 Kiplinger article titled “The Never-Ending Hunt for Yield” features Baird Advisors Deputy Chief Investment Officer Warren Pierson’s outlook for interest rates and the bond market (excerpt):

Warren Pierson, a senior bond manager for Baird Funds, says he would be surprised if interest rates completely reversed their recent fall, so your capital gains (paper profits, if you will) in bonds and bondlike investments won’t disappear. The market can certainly overreact to headlines. But the case for doing nothing or sticking with what’s working is persuasive.

Read the full article.