The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are no traditional "safe havens" for investors anymore given the current climate for bond yields, according to Stephen Oh, the global head of credit and fixed income at PineBridge Investments.
Government bond yields worldwide have endured historic lows of late, with interest rates on much of the world's traditionally reliable sovereign debt either at or below zero. Yields move inversely to prices.
This means that in some cases, investors are buying into a bond guaranteed to lose money if held to maturity.
Speaking to CNBC's "Squawk Box Europe" Wednesday, Oh said the dual role typically held by bonds, of both safety relative to risk exposure and income generation, had fallen away.
"Given negative yields or no yields in most parts of the world, that income component is lacking," he said.
"Furthermore, where current yields are, your safety component is questionable going forward. Because what is the lower bound at the end of the day? At what point do you have correlation both to the upside and the downside with both bonds and your risk assets?"
Oh suggested that central bank policy, such as persistent low rates, has pushed investors into taking more risk, since moving into traditional safe assets entails losing money.
"What we would advocate is not trying to extend out on the government bond yield curve. You have to have that component within your portfolio, so you have to maintain some component," he said.
"So what you're looking for in many cases are instruments that are cash-like substitutes perhaps, where you can get something in the positive yield territory without taking much in the way of interest rate exposure."
Oh suggested this could come in the form of "high-quality" structured products, and that where risk is being induced by central bank policy, investors should take "targeted risk" in the parts of the credit spectrum where yield is possible on a risk adjusted basis.
"But there's no safe havens out there anymore," he concluded.
Euro zone bond yields touched their highest since early August on Wednesday amid doubts over whether the European Central Bank will unveil a fresh round of asset purchases, or quantitative easing, on Thursday.
Last week, Wells Fargo Global Head of Rate Strategy Michael Schumacher cautioned investors against getting too bullish on the recent rally in U.S. Treasury yields, telling CNBC's "Futures Now" that while bond yields are reacting to a brief period of "good news," there are still "so many choppy factors out there."