There are 13 item(s) tagged with the keyword "Macro".
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Bond markets decided against a traditional “quiet summer” and instead gave us two bouts of volatility to book-end the period – the snap French elections and the “flash crash” in August.
In the latest Strategic Thinking video, Alex Pelteshki, co-manager of the Aegon Strategic Bond strategies, discusses the current market environment with central bankers across both sides of the Atlantic rushing to repeat that the path of their policy rates is exclusively data dependent from here on. Alex also talks about the market reaction and the outlook for fixed income, explaining why the team believe there is room for the US Treasury Yield curve to become steeper by year end, making it one of the biggest opportunities out there.
The dust is settling on a historic election result. A Labour landslide on the scale of 1997 gives new Prime Minister Sir Keir Starmer a huge majority and leaves the Conservatives licking their wounds, having gained their lowest share of the vote and lowest number of MPs ever. The reaction of financial markets was less spectacular though.
Hot on the heels of Meta Platforms, tech giant Alphabet has joined the dividend game. Both companies’ join Microsoft, Apple and Nvidia as ‘big tech’ dividend payers. Beneath the surface more tech dividends are emerging, with Salesforce and Booking.com having their dividend debuts in 2024. This is a significant development for a space with a long-held preference for buybacks.
In the latest Strategic Thinking video, Colin Finlayson, co-manager of the Aegon Strategic Bond strategies, examines recent dynamics within the fixed income market, particularly the divergent performance between government bonds and corporate bonds. He discusses what’s driving this dynamic, if it’s likely to continue and what this means for the Aegon strategic bond strategies.
There have been two standout themes in global equities in 2023: the outperformance of the so called 'magnificent seven' US mega-cap tech stocks (without which US indices would have underperformed), and the Japanese stock market. There were also two standout underperformers - China and the UK. Will these trends continue in 2024?
In the latest Strategic Thinking video, Colin Finlayson, co-manager of the Aegon Strategic Bond strategies reviews what was a very challenging month for global bond markets, but why he believes the peak of the interest rate cycle and falling inflation make the outlook even more attractive. He also gives an update on how we are allocating against this backdrop and discusses why flexibility will be key.
Global House View
For years, investors have faced the reality of lending to corporates at ever falling yields. Now, the high yield market is living up to its name. As rates have shifted higher, yields on high yield bonds continue to increase, even in the higher-quality part of the market.
Displaying: 1 - 10 of 13