Market Views: How will the bond rout affect allocations?

Warren Buffett’s warning in his annual letter to shareholders on Saturday (February 27) that investors move away from fixed income came just days after a global bond rout wreaked havoc across markets. The Berkshire Hathaway chief executive and legendary investor declared "bonds are not the place to be these days” and warned of “a bleak future”  for global fixed income investors, whether institutional or retail. The 10-year US Treasury bond yields stood at 0.93% as at the end of …