Covid-19 Series - Podcast #15
Nicolas Forest, Global Head of Fixed Income, shares his views on the rapidly-changing fixed income markets.
- It is a truly global central bank easing cycle. All central banks, including emerging nations, are easing. And none more so than the Fed.
- We are not in a risk-on market, even though we have seen spreads retrace some of their widening. We won’t fight the Fed, but central banks provide liquidity, they don’t improve fundamentals in a recession.
- In Europe, we must have a resolution of the debt mutualisation question.
- The next steps come from rating agencies, who are acting more rapidly than in previous downturns, and EU governments, who must provide a growth path for 2021.
For all sectors of the fixed income markets, the key is Selection, Selection, Selection.
With our guests:
- Nicolas Forest, Global Head of Fixed Income
- Charudatta Shende, Head of Client Portfolio Management – Fixed Income