Bond markets face stagnation -- or do they?

Citigroup exec paints a bleak picture, but some bond managers disagree.

There is nothing more wearisome than a panel of experts at a conference who all agree with one another. Fortunately for the audience, a panel of fixed-income experts yesterday at a conference on global bond markets held in Hong Kong failed to see eye to eye.

Scott Peng, director at Citigroup Global Markets and head of US interest rate strategy, outlined a bleak view of the bond markets in 2006, arguing that trends were headed for...

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