Global Fixed Income Bulletin
The Macro Trends Which Matter
 
 

Global Fixed Income Bulletin

The Macro Trends Which Matter

 

July 2018

The main trends in asset performance year-to-date have been generally weak risky asset returns, outperformance by U.S. assets and the USD, weakness in emerging markets (EM) and higher oil prices. Most of these have been driven by several macroeconomic trends (a) disappointment about a slowdown in some economic data and concerns about a trade war, (b) economic and monetary policy divergence between the U.S. and the rest of the world and (c) increased risks in EM. We think understanding these trends will be key for understanding asset price performance for the rest of the year.

 
 
The Global Fixed Income team follows a seamless process with a global outlook. They seek to identify and capture the potential value in situations where the market's implied forecasts are extreme.
 
 
 

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