Chris Manuell

The most important factor driving bond markets is the direction of global Central Bank short-term interest rates, as many of them are attempting to normalise rates in a post GFC era. The challenge is to achieve this without roiling capital markets, as we are late in the global business cycle,... Show More

Chris Manuell

As an active manager of high-grade bonds, we continue to focus on the moves of the US Federal Reserve. The Fed remains resolute on its path of increasing short-term rates into the zenith of the US economic cycle, and as the world gorges contently on debt. Show More

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Livewire Exclusive

(Ed note: First published December 2017): At the start of December we asked 13 contributing Fund Managers for their ‘number one call for 2018’, for our new Livewire ‘Christmas Cracker’ series which you may have seen in recent weeks. In case you missed any of them, we have wrapped them... Show More

Chris Manuell

Global financial markets have remained devoid of any meaningful volatility this year which partly explains the excitement last week following the sharp retracement in high yield bonds. Credit is historically the canary in the coal mine for impending weakness in other asset classes which is why it tends to attract... Show More

Chris Manuell

Bond Bears have become vociferous again in line with the recent move higher in US 10 year yield, which has moved higher by 36 bp, the highest for the year thus far as it currently sits at the average yield for 2017 at 2.31%. This has all the trademarks of... Show More

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