Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Summary: Over the past month, the government bond yield curve moved higher due to US-China trade deal hopes, CPI concerns and PBOC not following Fed rate cut. Many long-term investors take this as great opportunity to increase their long exposure as evident by both country specific investment data and Bond Connect statistics.
Sovereign Bond Market: Short Term Yield Spike
Over the past month, the whole government bond yield curve moved higher from 7-15bps with selling interest centered around longer duration 10-year part.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity