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By Mark DOWDING, CIO at BlueBay Asset Management
Who would have thought there was an investment lesson to be learnt from Veganuary?!
Global yields rallied over the past week on building flight-to-quality fears related to the coronavirus outbreak. With China locking down travel to and from Wuhan, sentiment within the country has become increasingly anxious just as it breaks for it New Year holidays. It would not be surprising for the Chinese economy to suffer a negative impact at a time when it has already been relatively weak. Given the importance of the Chinese economy, this has been having global ramifications.
In assessing the SARS outbreak in 2003, Treasury yields rallied by as much as 30bp at the peak of market...
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