Where are you still finding value in bonds?

Scott Thiel head of European fixed income at BlackRock   Euro govt bonds The communication strategy employed by the Federal Reserve has been less than clear. This has resulted in even more uncertainty on the drivers and timing of potential changes to monetary policy. Nevertheless, we believe at some point in the next few months the Fed will start to withdraw liquidity. We therefore retain our short duration bias in ‘risk-free’ rates, on the view yields in these bond markets will rise over the medium term. We remain supporters of peripheral European government bonds and activel...