Policy asymmetry will continue to drive asset performance
Charles Jamieson | Jamieson Coote Bonds | 18 February 2020
Policy asymmetry will continue to drive asset performance as markets require constant accommodation to deliver status quo economic (not market) outcomes. Watch for changes in liquidity provision as forward markers of performance. Bonds will continue to deliver traditional portfolio attributes of liquidity, negative correlation and convexity as witnessed last year in deeply negative yielding markets.