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By Mark DOWDING, CIO at BlueBay Asset Management
While the Brits are sick of the never-ending Brexit soap opera, markets take comfort in prospective deal chatter.
Prospects for a skinny deal on China trade and declining fears with respect to a no-deal Brexit both helped to underpin market sentiment during the past week. At a time when investor positioning has moved to a defensive bias, given a desire to lock in market gains coming into the fourth quarter, a relief rally has seen US stocks push back close to their record highs and government bond yields retrace from their lows. That said, US/China trade issues remain in the balance and Brexit is yet to be resolved. Consequently, there may be grounds to remain circumspect against a relatively...
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