Ideas Fixed Income
Markets enjoy low vol, high return through 2017
01/08/2018
- Geopolitical risks (North Korea, trade issues, elections in Europe) remarkably contained in 2017
- Central bank policy moving slowly: Fed proceeds with balance sheet normalisation and ECB cuts asset purchases
- Volatility in France, Spain spreads faded quickly after elections.
- High-yielding markets outperform. Emerging bonds and high yield beat investment grade asset classes.
