Anthony Rayner: Is it all over for bonds?

For much of this year, our view has been the economic environment has been improving. Economic growth data has shown a recovery across the major economies while inflation has shown something of a pick-up. At the same time, political risk has been rising. There have been a number of key events - most obviously the EU referendum and the surprise US election result - that have illustrated this risk only too well. The trend was already well-established, however, with polarisation on the rise and populist, anti-establishment and anti-trade movements growing for some time now. These economi...