Despite a negative return over the 5 years ending Dec. 31, 2016, during an otherwise abnormal period where interest rates declined instead of rose, the current distribution yield is 4.68 per cent for this sector. (business.financialpost.com)
«We are coming from an abnormal period where a tremendous amount of wealth was created largely by selling assets back and forth,» said Mohamed A. El - Erian, chief executive of Pimco, one of the country's largest bond traders, and the former manager of Harvard's endowment. (nytimes.com)