TwentyFour's Bowie: Prepare for a volatile summer

Bonds will experience a volatile summer, according to TwentyFour Asset Management's Chris Bowie, who believes the Federal Reserve will opt for a September rate hike.

Bowie (pictured) runs the £110m Corporate Bond fund, which was launched at the start of the year following his arrival at the firm from Ignis Asset Management. In the fund's latest review, Bowie said he expects to see a volatile period in bond markets over the summer if US employment data is strong, which could prompt a rate rise. He said: "Something to keep us occupied over the summer, we have the Q2 Employment Cost Index for the US at the end of July. If this comes in strong, then to us that would signal September as very likely for the lift-off in Fed funds. "But the period betw...