Darren Ruane, head of fixed income, Investec Wealth & Investment, looks at the Republican and Democratic candidates and how their case for the economy could affect bond markets in 2016.
Globally, approximately $5.5trn of bonds trade with negative yields and nearly one quarter of the world's GDP comes from countries with negative interest rates.
Latest Lloyds Private Banking survey
Wider investment remits
Targets returns of LIBOR plus 2%-4%
Recent decisions by both the Federal Reserve and the European Central Bank have helped break the trend of tightening global liquidity conditions.
Amid other promotions on the team
Manager Olly Russ to join firm