The bond market is heading for a sell-off propelled by a rebound in U.S. inflation, according to a hedge-fund veteran placing bets that the change will be clear by December.
“Inflation is going to jump dramatically in the next year,” said Brett Gillespie, who spent 11 years at Tudor Investment Corp. and is now at Ellerston Capital Ltd., where he’s building up a new global macro fund in Sydney. “Bond yields are going to go up a lot,” he said in an interview at his office this week. Read more here