Fixed Income
Stuart Dear

Understanding how the cycle is progressing has been especially difficult in the post-GFC years. The apparent impotence of monetary policy via its traditional credit (and inflation) creation channel contrasts with the relative strength of labour employment. Yet monetary policy has become much more important for markets, as central banks have... Show More

Fixed Income
Livewire Exclusive

Stuart Dear, Deputy Head of Fixed Income at Schroders, believes that value in bonds has improved in both absolute and relative terms. The yields on offer in US 10-year government bonds have risen from a low of ~1.50% to current levels closer to 3%. This move has happened at a... Show More

Fixed Income
Livewire Exclusive

Bonds are typically viewed as a defensive component of an investor's portfolio. They tend to perform best when your riskier assets are doing poorly. Stuart Dear, Deputy Head of Fixed Income at Schroders says the analysis they've conducted shows this relationship has held true in all but one circumstance over... Show More

Stuart Dear

Economic growth in most countries continues to print at or above trend. The slack in economies created during the GFC and its aftershocks (Europe in 2011, emerging economies in 2015) is finally being eliminated. Whereas in each of the last few years there was considerable uncertainty about whether central banks... Show More

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