|
By Mark DOWDING, CIO at BlueBay Asset Management
Radical rates chatter seems extremist to us – long live central banking!
Soft global PMIs saw bond yields continue to move lower over the past week, on anticipation of forthcoming monetary easing by central banks. A relatively soft data backdrop in China dragged Asian sentiment weaker and, although a truce with respect to tariffs has been agreed, it seems likely that further steps will be required to stimulate growth, with activity seeming to stall after a constructive start to 2019. European data has also been a cause for concern, even if falling unemployment and rising wages suggest that the domestic economy is in better shape, with the service sector in a much healthier position than...
|