Is Portugal expensive, or is Italy cheap?
When valuations in fixed income are this stretched, we must be on the lookout for overbought assets to avoid, and unloved assets offering a rare opportunity to pick up yield.
Insights Topic
Europe
Comparing Yields in Different Currencies
Fixed income managers always want to have the flexibility to find the best value across their investment sphere and therefore need the capacity to buy bonds in different currencies.
Wishing Upon 5 Star
Ballots are still being counted in this weekend’s Italian election but the picture is becoming clear, with two parties emerging stronger from the ashes of a bitter electoral campaign: 5 Star have estimated to have polled 32% and the far right Lega (a.k.a. Northern League) have 18%, but no one coaltion can claim a victory.
Which foot will the Italians’ political boot end up on?
Last Friday saw the publication of the last electoral poll before the Italian elections that will be held on the 4th of March.
6 Reasons Government Bonds Yields To Rise Further
Our base case for rates markets is a gradual shift higher, but there are reasons to consider why even our forecast is too constructive and the move higher could be more substantial.