August can be a tough month for investors, if negative macro shocks coincide with the summer lull in liquidity, leading to amplified price actions and canceled holidays.
July was another good month for financial markets. The strong performance of credit, emerging markets and equities was somewhat surprisingly joined by government bonds. And, lo and behold, the U.S. dollar finally depreciated, something market consensus had been expecting for some time.
Despite unprecedented bad economic data and the uncertain course of the coronavirus, markets continued on an upward trajectory in May and rallied further.
Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.
Just over two months has passed since global markets dramatically sold off as the COVID-19 pandemic unfolded. There is much talk of the ‘new normal’ in every aspect of our lives, but what does this mean for fixed income?
Having increased the equity allocation in our portfolios in late May, we have also identified a number of tactical opportunities in the fixed income space. In this week’s update we discuss each investment idea which led to these position changes:
Jenna Barnard, Co-Head of Strategic Fixed Income, shares the Strategic Fixed Income Team’s current thoughts and views on bond markets, and addresses the most frequently asked question: is inflation on the rise?
Entscheidend bei der Bewältigung der Krise ist, wie die Staaten vor COVID-19 aufgestellt waren.
COVID-19 is a disruption event with enormous personal, societal and economic repercussions, the origins and effects of which are amplified by an increasingly interconnected world. As fixed income investors, we are closely monitoring the near-term and longer-term consequences, and in particular, we are watching six implications of the pandemic for sustainable investing.
