Why 'extra caution' is required on interest rate and credit exposure
Craig Veysey of Man GLG
2019 has been a stellar year for global bond markets, as weak global economic growth and low inflation have combined with ever more accommodative central banks to push global bond yields significantly lower.
With more than $17trn of negative-yielding debt, mostly that of governments, as of mid-September, unsurprisingly investors have willingly embraced more risk-taking behaviour in favour of yield enhancement...
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