The three 'deadly nightshades' of fixed income investing

Rathbones' Jones highlights biggest risks

Bryn Jones, head of fixed income research at Rathbones, names the three biggest risks investors face in the current uncertain environment.

Emerging market debt It may look rosy from an office in Mayfair, but through a wider-ranging lens, there's deadly nightshade dotted about: Canada is a entering a technical recession; Brazil's industrial production continues its aggressive downward trajectory; Ukraine is going through some ‘refinancing'; the Russian rouble is being riled and inflation is greater than 15%; China's woes are well documented, and Puerto Rico is in discussions to default. This is a huge reminder that emerging market debt is still a tricky place to be, and that is all before the Federal Reserve has even rais...