Generally a positive picture
Business confidence falls
EM countries well-placed to ride out pandemic
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