Challenging times as QE era comes to an end
US rates heading below 0%
Fell by $4trn since January 2018
Weaker dollar and lower oil price could help investors
Navigating fixed income markets in the New Year
With the European Central Bank set to stop new quantitative easing at the end of 2018 and market chatter about an interest rate increase in 2019, have prospects for the spluttering European economy and financial markets taken a turn for the worse?
Markets have been far more volatile this year than last, taking fright at trade wars, the Italian budget, and the rout of the Turkish lira, for example. Yet most of the volatility has been in equity markets, while corporate bonds have provided a relatively...