Investors need to accept that Treasury bond yields will not revisit the lows seen earlier this year, said Gareth Isaac, Senior Portfolio Manager for the Schroder Strategic Bond Fund. Isaac added that the U.S. economy is picking up steam after bad weather and the L.A. port strike weighed it down in the first quarter and this will be reflected by higher bond yields. He said he likes the long end of the yield curve when it comes to corporate bonds and he is concentrating on the financial sector. Finally, Isaac said European sovereign bonds could see pressure on the long end as yields move higher, but he is finding value in Spain.
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