We believe that there are two types of bond bear market, writes Andrew Clarke, fund manager - fixed income at Sarasin & Partners.
Financial conditions are looser today than at the start of the year
IG bonds saw €2.9bn inflows
The most important factor for European equities for the foreseeable future will be the direction of bond yields.
‘Record’ number consider corporate bonds overvalued
Still important to hold government bonds
Inflation has overshot ECB target of 2%
Yields on benchmark 10-year UK government bonds jump following announcement