We expect the Federal Reserve to maintain its gradual tightening as the US economy extends its growth phase, with short-term rates likely to rise at least three more times to reach 2.5% by next year.
If there is one undervalued idea today, it is the idea the global economy can grow in a sustained, prosperous fashion.
Delegates at Investment Week's recent Bond Briefing gave their views on duration positioning, convertibles and the insurance sector.
Eli Pars, senior vice president and co-portfolio manager on the growth/fixed income team at Calamos Investments, talks to Lawrence Gosling about global convertibles.