Overall confidence fell to 15%
Fixed income manager takes a more cautious approach
Exploring the effects of shake-up
Bouncing back from the market correction of last year, the first half of 2019 has been positive for global equities.
In times of uncertainty and geopolitical tensions, corporate bonds with an investment grade rating are commonly considered as the new safe havens.
Political uncertainty causing concerns
A broader swathe of economic indicators — of the recent past, present and future — have fallen to indisputably weaker levels than at any time since the 2008 global financial crisis.
The bottom has fallen out of gilt yields and high-yield credit spreads have been bouncing all over the place. The iTraxx high yield spread index hit a two-year high of 249 basis points (bps) to 310bps during the month, before rallying in early June to...
US markets have roared back since the brief sell-off last year, with the current surge a whisker off all-time highs. This ebullience is surprising when one considers the maelstrom of negative developments that have bombarded the market over recent months....