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By Mark DOWDING, CIO at BlueBay Asset Management
US growth continues to strengthen with the theme of exceptionalism trumping viral concerns.
With fears relating to the coronavirus continuing to spread, global bond yields remained well supported over the past week, notwithstanding robust US economic data on consumer and business confidence, housing activity and producer prices.
Minutes from the Federal Reserve continued to point to policy being ‘on hold’, and although the probability of Bernie Sanders winning the Democrat nomination continued to rise following a poor debate – which dented Bloomberg’s rise in the polls – US equities have continued to forge record highs, belying fears of possible downside risks to the...
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