Stopford's trio of picks from across bond markets

MY THREE BEST IDEAS FROM BOND MARKETS

Investec's co-head of fixed income John Stopford gives his three top picks from across the fixed income market.

Bond markets recorded some of their most extreme moves on record during August as investor risk appetite collapsed on weak economic data and inconclusive policymaking. Investor sentiment now appears very poor and could become self-fulfilling if asset prices fall significantly further. Overall, the rise in volatility suggests near-term caution, but we believe there are likely to be opportunities to buy good quality assets cheaply over the next few months. On balance, markets appear already to be pricing in too high a probability of recession in our opinion, given the more limited de...