We believe raising portfolio resilience via government bonds is crucial amid elevated macro uncertainty. Scott Thiel explains.
Recent weak economic data has raised market concerns that economic gloom might be spreading beyond the manufacturing sector. Worries that the drag on economic activity from the global protectionist push could start to slow consumer spending and economic growth more broadly have been weighing on risk assets. We believe building portfolio resilience is crucial in this environment of elevated macro uncertainty, as we write in our latest Fixed income strategy.
Relatively muted cross-asset volatility suggests markets are