RHYS DAVIES – FIXED INCOME FUND MANAGER
After a difficult patch over the last 3 years, the bond market has evolved. Higher yields, steady inflation and a changing economic environment has created a softer Macro picture. This warrants caution but it could be an interesting time to take another look at bonds.
Each month brings a new, easily digestible instalment. Catch up on previous episodes below.
There has been a decline in fund and government bond yields. The US bond yields have fallen further in August. How have recent events in the market contributed to this? We will be watching the markets carefully and responding as we go.
US Treasury yields have fallen further in July, and the market is now pricing towards two interest rate cuts this year. How have the team adjusted their duration position in response to changing economic conditions?
Bond markets suffered volatility in the first quarter of 2024 because of strong US labour market and inflation data. As both of these factors moderate, how does it impact our outlook and portfolio management?
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Views and opinions are based on current market conditions and are subject to change.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
EMEA3837804/2024
