21
Nov
Interest rate markets are benefitting from rising uncertainty
Temporary easing in international bond markets. Correlations remain high among major markets. Inflation still moderate. Avoid the Eurozone and the high yield segment.
Key points
- Interest rate markets broadly benefitting from uncertainty in October
- US market offers very attractive opportunities
- Long-term interest rates likely to tighten in the Eurozone
- Adjustment of long-term rates in the UK
- Prospects still poor in Japan
- Favour the US market over the Eurozone and avoid high yield
