PORTFOLIO Bonds & fixed income

Central bank and government actions will come under increasing scrutiny in the second half of the year as fixed income investors look for further signs that the long era of ultra-accommodative monetary policy is coming to an end.

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PORTFOLIO Bonds & fixed income

Although the situation in the bond market has become clearer, with the reduced political risk in Europe and the US Federal Reserve's relative openness about its intentions, investors should not ignore interest-rate risk, because bond yields are still extremely low, particularly in Europe. In the circumstances, active management is vital to protect portfolios against yields rising – even gradually – in the wake of US movements.

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