Category Archives:

BVTV

BVTV: Fund Manager Stefan Isaacs on 2017, 2018, and the prospects for Liverpool in the UEFA Champions League

This week Stefan Isaacs joins me to review the year that was. Sitting on a bond desk in the City of London, it appeared to be a solid but pretty dull year for fixed income markets. Fortunately, we had the drama of Brexit negotiations and Donald Trump to keep us occupied over the course of the year.

I also question Stefan about his 2018 outlook for bond markets, and whether Liverpool can actuall…

Watch the video

BVTV: World Cup 2018 – the DM v EM showdown

Following on from last Friday’s suspenseful draw for next summer’s World Cup in Russia, we thought it would be a good moment to take a closer look at some of the 32 qualifying nations, and see how they stack up from the perspective of our bond market experts. I am joined in the studio by Fund manager Wolfgang Bauer, and we discuss some of the pressing macro issues facing this eclectic mix of DM…

Watch the video

BVTV: Listed infrastructure – how would the asset class respond to higher interest rates and inflation?

A number of asset classes, including listed infrastructure assets, have benefited from the global search for yield that has taken place following a collapse in short and long-term government bond yields. But what if the positive tailwinds of low interest rates and inflation start to reverse? Whilst the current consensus is that monetary policy stimulus will be removed at a very gradual pace, it…

Watch the video

BVTV: deciphering the differences between green bonds, impact investing and ESG

Richard Sherry, fund manager in M&G’s institutional fixed income team responsible for impact investing, joined me for this week’s edition of BVTV to talk through an area of the market that has been rapidly gaining attention. Richard unpicks the terminology to explain the differences between the various approaches and offers his view of how the market will likely develop – and what this will mea…

Watch the video

BVTV: Middle Eastern tensions and rising oil

Saudi Arabia, Yemen, Lebanon. The political risk spotlight has swung largely away from North Korea in recent days – despite President Trump’s visit to the region – and towards the Middle East. Fears of a wider regional confrontation have grown after an anti-corruption drive by Saudi Arabia’s young heir apparent, the firing of a missile from Yemen at Riyadh that the Saudis have blamed on Iran an…

Watch the video

BVTV: What a week that was. Powell, US tax reforms, and BoE hike

There was no shortage of topics up for consideration for today’s BVTV: Jerome Powell’s nomination as next Fed chair, further clarity around President Trump’s much touted US tax reform plans, and the UK’s first interest rate rise for 10 years.

With Powell’s nomination very much perceived as preserving the US monetary policy status quo, it’s the latter two developments that I have focused on this…

Watch the video

BVTV: And you thought Halloween was scary. Risks, rates and Brexit.

This week on BVTV I am joined by Helen Thomas from blondemoney.co.uk. Helen thinks that the market is underestimating the scenarios around Brexit, and believes that a reversal of Brexit should be on investors’ radars. With many expecting a continuation of the current goldilocks environment (low inflation, solid growth) into 2018, and the Bank of England in-play this week, could an unforeseen de…

Watch the video

BVTV: the REIT stuff – a bond investor’s guide to Real Estate Investment Trusts

Today I am joined in the studio by M&G credit analyst Othman El Iraki and we will be taking a closer look at an area of the fixed income market that has been generating a lot of interest in recent months – Real Estate Investment Trusts (REITs). Othman will talk through some of the characteristics of this asset class and explain what’s been driving the recent surge in new bond issuance, especial…

Watch the video

BVTV: What markets make of Europe’s latest political developments

After a couple of months in which central bank policy moves rather than politics have dominated, investors’ attention has recently been pulled back to the political arena. Fund manager Wolfgang Bauer joined me this morning to discuss what Austria’s presidential election result, and Catalonia’s unfolding bid for independence from Spain, mean for government bond and credit markets.

Also –would a …

Watch the video