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Hoisington Investment Management ends a thirty-year bond bull call as inflation takes hold

7/17/2026

Inflation taking hold and yields trending higher have ended a thirty-year bull run on bonds at Hoisington Investment Management.

Chief economist Lacy Hunt has changed the view that defined the firm's identity across multiple rate cycles. The reversal closes one of the longest-running directional calls in fixed income.

Thirty years in one direction A directional call held for more than thirty years is unusual in any asset class.

Hoisington Investment Management and Lacy Hunt held theirs for that span, long enough for the stance to become a defining feature of the firm.