New Delhi, Sept. 30 -- An intriguing contrarian play is long-term bonds maturing in 20 to 30 years.

There are few fans of the sector, and the negatives are many. They include intractable federal budget deficits, inflation around 3%, and heavy corporate borrowing for data centers to fuel the artificial intelligence boom.

Losses have accelerated recently as the yield on the 30-year Treasury has risen almost a half percentage point to 5.6% in the past month.

Published by HT Digital Content Services with permission from MINT....