Author profile

Laura Frost

Investment Director

Years in the bond markets: 13

Specialist subjects: Government and IG credit

Likes: Rugby, skiing, G&Ts

Heroes: Steve Redgrave, Lindsey Vonn, Valegro (the dressage horse)

Six scary charts to keep investors up at night this Halloween

If you are looking for something really scary this Halloween, there is no need to reach out for blockbuster thrillers or monster figures – just look at these six spooktacular financial charts.

This generation looks different

 

US Federal Reserve (Fed) Chairman Jerome Powell recently warned about the ever-increasing amount of US student debt outstanding: “You do stand to see longer-term negativ…

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BVTV: Where has all the volatility gone?

Volatility in the US Treasury market has broken records this summer, reaching lows not seen since the 1960s. This can’t just be attributed to the summer lull, so what has been going on?  In this morning’s episode of BVTV I look at the opposing forces that have been at work, and examine what influence these have had on the US dollar. Inevitably, most answers lead back to president Trump.

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BVTV: Will BoE deliver?

In a busy week for central banks, attention will turn on Thursday to whether the Bank of England finally delivers a 25bp hike, having confounded expectations at its last meeting.

Should this prove the case, what impact will it have on the various parts of the UK bond market? I’m joined this week by Matthew Russell, who shares his thoughts on how a rise will affect markets, and whether sterling …

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BVTV: Accessing credit – cash bonds or CDS?

We have already seen several corrections in credit markets so far this year, providing a good opportunity to analyse these episodes from a volatility perspective to see whether they have created good entry points into previously expensive markets. Finding a good entry point is just the first step though. Next, we must consider whether cash bonds, or CDS, look more attractive.

Tune in to this we…

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BVTV: What you really need to know about the US tax reforms

While you’ve probably heard about President Trump’s success in pushing through a package of tax reforms – arguably his biggest achievement to date – did you know that its requirement for companies to repatriate cash is mandatory? Or, that in most cases this has already taken place? Tune in for this week’s edition of BVTV, where M&G credit analyst Simon Duff gives us the bigger picture of what t…

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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…

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BVTV: Are the Brexit bears getting less bearish?

It’s party conference season in the UK, with the Conservative party conference now underway. All eyes will be on Theresa May and her senior cabinet ministers, as investors try to gauge the latest Brexit developments. Anjulie Rusius, our UK-focussed junior fund manager, has joined me this morning to discuss recent signals coming out from the Bank of England and the government, and what these mea…

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BVTV: Have bonds and equities decoupled, and can both be right?

This week, Ritu Vohora, investment director in M&G’s equities team, joined me on the BVTV sofa to discuss the curious case of the de-correlation between equities and bond yields. Why are stocks and bonds both rising at the same time, and which market is giving the true outlook for the global economy?

Also this week: is Venezuelan debt in a death spiral? And what to watch out for in the markets….

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