Guest contributor – Jean-Paul Jaegers, CFA, CQF (Senior Investment Strategist, Prudential Portfolio Management Group)
Recently Jim Leaviss and I travelled to Tokyo to discuss local economic developments and Bank of Japan (BoJ) policy with economists and analysts based in Tokyo.
There was generally broad agreement that the potential path for Japanese government bond yields (JGBs) is asymmetric. …
Read the articleThis week on a special Christmas edition of Bond Vigilantes TV, Anthony Doyle and Jim Leaviss look at the major bond market events of 2016. They also discuss Jim’s macro outlook and the key things to look out for in 2017.
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Here is the 10th annual Christmas Quiz. 20 questions, and the closing date for entries is midday on Friday 23rd December. Please email your answers to us at bondteam@bondvigilantes.co.uk. The winner will get glory, and can choose a charity from our approved list to which we will donate £100. She or he will also get a copy of the new Bond Vigilantes book, called “Bond Vigilantes – Part II”. …
Read the articleThis week on Bond Vigilantes TV Laura Frost discusses the market reaction to the Italian referendum, high yield energy issuance and the ECB.
Tune in for the charts, articles and the Bond Vigilantes team’s thoughts on the stories making headlines in the bond markets this week.
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The votes are in and it’s pretty unanimous. Despite Mario Draghi’s best efforts to persuade otherwise, the market is clear that today’s announcements are tantamount to tapering. Frankly anything less than an extension of Euro 80bn per month, irrespective of the duration, was likely to have been taken as such, with scant evidence of the inflation target being achieved during the forecast horizon…
Read the articleGuest contributor – Saul Casadio (Credit Analyst, M&G Investments)
While European High Yield has delivered a robust performance over the last two years, returning on average 4.9% per year, one part of the index has significantly lagged. Over the same period bonds issued by construction companies have returned an average annual return of -18.4%. The chart below shows that, out of seven issuers i…
Read the articleIn our latest Panoramic Outlook, Jim Leaviss has a look at the forces that resulted in a tumultuous year for establishment politics, the ECB’s quantitative easing dilemma and the prospects for emerging markets in 2017. For the first time since the financial crisis, it appears that bond yields will come under sustained pressure as central banks gradually remove monetary stimulus. The impacts of …
Read the articleIn this week’s edition:
Tune in for the charts and articles that are making headlines in bond markets.
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