Outflows of €449m this week
Euro and Ibex 35 fell
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