The sharp rally in credit markets following the sell-off caused by the Federal Reserve's tapering talks was a surprise and a cause for concern for Iain Buckle, fixed income fund manager at Kames Capital.
Central bankers are backing themselves into a corner in their attempts to fine-tune unorthodox monetary policies, according to Troy Asset Management's Sebastian Lyon.
Treasury yields have fallen back towards the 2.6% mark after US jobs figures for July missed expectations.
A senior Federal Reserve economist has criticised the European Central Bank for resisting further monetary stimulus.
The Federal Reserve has given little suggestion of a forthcoming slowdown in its quantitative easing programme despite economic data continuing to improve.
Artemis' de Tusch-Lec tells Dan Jones how he swapped high quality names for value stocks to send his £260m fund into the top quartile over three years.