Patient bond investors have been rewarded in 2014, says Nick Gartside, international CIO for fixed income at J.P. Morgan Asset Management.
US stocks posted their largest one-day gain this year as the latest meeting minutes from the Federal Reserve suggest it may adopt a more cautious stance on hiking interest rates.
Emerging markets still sensitive to US policy and currency moves
The divergence in performance of US equities and high yielding bonds is set to continue, as several headwinds loom large in the face of high yield, explains Natixis manager Franck Nicolas.