2019 has been a stellar year for global bond markets, as weak global economic growth and low inflation have combined with ever more accommodative central banks to push global bond yields significantly lower.
The world’s economies are at different stages in the business cycle.
It has been hard to comprehend negative yields in Germany, let alone Greece.
Most fixed income has performed well in 2019 aided by the change in outlook from many central banks around the world and the gross redemption yield (GRY) on many bonds have fallen to very low or negative levels.
Diversification into new areas
EU to open an Excessive Deficit Procedure for Italy
Will be able to borrow on financial markets for first time in eight years
Eurozone inflation eased back to a rate of just 1.1% in February. As in the US, there is some indication of a modest pick-up in wage growth, and this has in the past been closely associated with the rate of inflation in the service sector.
Pockets of value
There were several credit rating changes in February that were significant for emerging markets (EM).
Should you buy in again on St Leger Day?
Europe's economic recovery continues to broaden and deepen. The ongoing expansion is supported by a synchronised global growth backdrop with few medium-term concerns coming from the international trade impulse.
Growth outlook 'turning a corner'
While the latest macro data confirm the positive orientation of European economic growth, risks in the eurozone remain plentiful.
Former Greek finance minister
2-year bond yields hit eight month high
Now the UK's Brexit referendum is old news, Europe's troubled peripheral economies are once again under the spotlight as political deadlock in Spain and Greece's growing debt burden cast a shadow on their recovery prospects.
IMF to stay on board
We find ourselves back in the middle of yet another springtime negotiation between Greece and its creditors - roughly a year on from a crisis that ended in capital controls, a return to a recession, and a 68% fall in the stockmarket index from its 2014...
Follows Italy's Atlante fund
Greek debt crisis could re-emerge