How the world changes. Twelve months ago investor sentiment towards fixed income markets was almost ...
How the world changes. Twelve months ago investor sentiment towards fixed income markets was almost universally bullish, after a storming year which had taken yields in some cases down to levels last seen in the 1950s. Leaving aside such exceptions as Greek government stocks and long dated UK gilts, that consensus has proved to be less than inspired. Now the pendulum has swung to the other extreme with bonds receiving few votes amid the stampede for technology stocks. This year is set to be a strong year for global growth and central banks are likely to respond by raising interest rat...
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