|
By Mark DOWDING, CIO at BlueBay Asset Management
Positive policy and political updates keep the romance alive in markets this week.
A tentative easing of fears related to the spread of the coronavirus saw markets trading in more of a risk-on fashion during the past week, with US equity indices making new all-time highs. Although the number of new cases jumped in China, this was viewed partly as a correction of past under-reporting. With officials targeting factory resumptions in Hubei province as early as 21 February, this has given encouragement that the worst of the crisis may now be passing.
In the wake of this, global government bond yields have traded somewhat higher and credit spreads have tightened, notwithstanding...
|