We think it would be a mistake for investors to let tighter spreads and upcoming maturities deter them from the euro high-yield market.
Across Europe, ruling parties are under pressure. Bond investors should stay active and invested, in our view.
Although markets expect both the Fed and the ECB to cut rates in June, macro developments could change that forecast.
Sovereign debt levels soared during the pandemic, and countries at the eurozone’s periphery may look high risk. But appearances can be deceptive.
Investors who stay too long in cash may find they’ve missed out.
European policymakers face a dilemma: continue to hike interest rates to combat inflation or ease off to stimulate growth.
UK government bonds prices have plunged recently. Sterling-denominated corporate bonds have also fallen sharply and are looking cheap.
COVID-19 is triggering a new era of central banking. We believe this will play out just as powerfully in the euro area as elsewhere.
Now that the UK has avoided (at least for now) a hard Brexit as it negotiates to extend Article 50, investors might reasonably wonder whether they can relax for a moment and take stock of the bigger picture. What sort of longer-term future does the European Union (EU) have, irrespective of the UK?
How will bond portfolios react if the US election triggers further market mayhem? Fallout from Brexit taught us valuable lessons about extreme market shocks.