Thoughts and bonds - a balancing act

30/01/2018

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'Thoughts and bonds' provides a quarterly view and outlook for the fixed income markets from the Fundamental Fixed Income team, where they share their insights on potential investment risks and opportunities.
Summary points:
  • Cautious central banks should help sustain range-bound to modestly higher yields, even as they reverse accommodative monetary policy. However, a more aggressive than expected reversal could trigger an upward spike in volatility
  • Range-bound rates and low volatility should continue to drive demand for corporate credit. Still, valuations are expensive and drivers of significant spread tightening appear limited
  • We expect a lower return environment for corporate credit in 2018 and carry to drive returns. Given rich valuations and the asymmetric risk profile of credit investing, default avoidance will be critical
For the Q1 2018 issue please click on the link below.
 
 
 
 
 
 

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Anything non-factual in nature is an opinion of the author(s), and opinions are meant as an illustration of broader themes, are not an indication of trading intent, and are subject to change at any time due to changes in market or economic conditions. It is not intended to indicate or imply that any illustration/example mentioned is now or was ever held in any portfolio. No forecasts can be guaranteed and there is no guarantee that the information supplied is complete or timely, nor are there any warranties with regard to the results obtained from its us.


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