Don’t fight the central banks – own bonds

Bob Michele  |  JP Morgan Asset Management  |  18 February 2020  |  0.25 CE

At last year’s Markets Summit, we laid out of the reasons why an adequate monetary policy response from the Central Banks had the ability to assure a soft landing and avert a recession. This proved to be the case in 2019, as central banks around the world soothed asset markets by cutting policy rates at the most aggressive pace since the GFC. 2020 will continue to be a good year for investors with flexibility to invest in markets that have lagged in the bond rally but that have tailwinds - including Emerging Markets, EMFX, parts of global investment grade and US struct...

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