Boletín semanal con la opinión de nuestro CIO de Renta Fija, Chris Iggo, sobre el mercado de Renta Fija.

121 publicaciones disponibles

Iggo's insight

13 de septiembre de 2019

Summer's Gone

The ECB has cemented low rates for a long time and it will also resume buying bonds. Can yields rise substantially in that environment? I suspect that bond yields remain low, even if they don’t plumb ...

Iggo's insight

6 de septiembre de 2019

Get Your Coat

The short-lived divergence of global monetary policy in 2017-2018 gave way to the super gravitational pull of negative interest rates in 2019.

Iggo's insight

30 de agosto de 2019

Definitely, Maybe

Suddenly the Brexit stakes have been raised. Prime Minister Johnson has made a call that convincing the world that he is prepared to leave the EU without a deal and that he is prepared to take risks ...

Iggo's insight

23 de agosto de 2019

Price Action

Over the long run, total return in bond investing is driven by income. This year it has all been about capital appreciation. Bond prices have moved aggressively and this leaves the market subject to ...

Iggo's insight

15 de agosto de 2019

Doesn't Feel Good

Bond yields have plunged this summer. The cyclical slowdown and a wall of political worries has created a surge in demand for safe assets. Investors are trying to figure out what it all means.

Iggo's insight

19 de julio de 2019

Holidays in the sun

President Trump appears to want much lower rates and a weaker dollar. Those views are political. If we were to get them, then US inflation risk premiums could rise.

Iggo's insight

12 de julio de 2019

Yield not equal to return

Bonds have sold off a bit this week, but I believe that the bull market remains in place. Global monetary policy is about to be eased yet there are reasons to be relatively relaxed about the near-ter ...

Iggo's insight

5 de julio de 2019

Here Comes the Summer

Bond returns are being driven by expectations of monetary easing and an unerring search for yield. The result is yields that are increasingly falling below policy interest rates. This may only revers ...

Iggo's insight

21 de junio de 2019

Lower rates, no recession

Navigating through all the noise out there, it seems the most sensible expectation that investors should have is described by “lower rates but no recession”. Central banks were more dovish again this ...