HYS - Quantitative Un-Easiness
By Nick Maroutsos
Nick Maroutsos, Co-Head of Global Bonds, explains why higher yields on shorter-dated bonds may prove attractive for income-focused investors rattled by rising equity market volatility.
Perhaps simply "queasiness" is more fitting. Certainly, that's an apt feeling among investors having stomached sharp falls in riskier asset prices in the last quarter of 2018, again bringing into focus the question of asset allocation as investors consider the path ahead. While many of the surprise falls have reversed, at least in part, through January this year, it's important to consider what may have driven the