Endeavour Mining Aktie News

Bonds are finally offering investors a compelling value proposition following last year's sell-off. Longer-duration funds such as EDV also offer a better risk-reward proposition compared with growth stocks such as the Nasdaq or technology indexes.

The EDV long-term bond ETF appears to be breaking above resistance to confirm a significant bottoming pattern. Long-term inflation expectations and the price of gold relative to the commodity complex imply long-term bond yields should be around 50bps lower than they are currently, suggesting EDV upside.

While the yield curve is steeply inverted, long-term bonds have a much greater upside in the event of a fall in yields, as tends to result following curve inversion. The Vanguard Extended Duration Treasury ETF is likely to deliver annual returns 1.7% above inflation, which is significantly higher than the real GDP growth outlook.