JP Morgan AM's Hugh Gimber: It is too soon to celebrate a soft landing

'Too good to be true'

clock • 4 min read

Economies have so far coped remarkably well with higher rates.

Coupled with signs that pandemic-related inflation is easing, the market narrative has shifted towards the prospect of a soft landing. Bond markets are excited about rate cuts, spreads are at or below historical averages in most areas of credit, and equity analysts are forecasting double-digit earnings growth for 2024. 'What is different this time?': Experts debate a delayed 'year of the bond' Were this to play out, it would represent an extraordinary success for central banks. But in my mind, such a benign outcome still feels a little too good to be true.   Interest rates st...

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 Bonds

US GSS bond issuances falls to lowest level since 2017

US GSS bond issuances falls to lowest level since 2017

Down 25% amid political turmoil

clock 13 May 2025 • 3 min read
Deep Dive: Private markets could be the future of 60/40 portfolios

Deep Dive: Private markets could be the future of 60/40 portfolios

Split between traditional and revamped model

Cristian Angeloni
clock 25 April 2025 • 5 min read
Pictet AM's Ermira Marika: Do not fear defaults in European credit

Pictet AM's Ermira Marika: Do not fear defaults in European credit

Risk misperceptions

Ermira Marika
clock 22 April 2025 • 4 min read
Trustpilot