Friend or foe: Bond markets in 2018

Hardeep  Tawakley
clock • 2 min read

PARTNER INSIGHT: Mike Amey, managing director and portfolio manager for the PIMCO Select UK Income Bond and PIMCO GIS Global Libor Plus Bond funds, on how he is approaching the bond universe in today's atypical market cycle.

Q. What is your outlook for bonds? Different parts of the global economy are at different points in the business cycle. However, in spite of this, we are seeing for the first time in seven or eight years, a synchronised global recovery that central banks are acting on. Markets have priced in two Federal Reserve rate hikes in 2018, but our base expectation is for three to four this calendar year. We also believe two increases are perfectly plausible for the Bank of England. These expectations are creating some volatility, however we do not expect a material backup in bond yields. The m...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Partner Insight

Partner Insight: Advisers - want to feel closer to your clients?

Partner Insight: Advisers - want to feel closer to your clients?

Advising on philanthropy can help to build relationships

Gareth Jones
clock 08 February 2024 • 1 min read
Partner Insight: How philanthropy advice could head off a client crisis

Partner Insight: How philanthropy advice could head off a client crisis

Younger clients are more likely to want advice on charitable giving

Gareth Jones
clock 06 February 2024 • 1 min read
Partner Insight: Will lower quality credit keep performing?

Partner Insight: Will lower quality credit keep performing?

Investors will need to be more selective than ever

Gareth Jones
clock 12 January 2024 • 1 min read
Trustpilot