M&G'S LATEST VIEWS...

The reversal of Operation Twist and ramifications for the yield curve

Bond Vigilantes 26/04/2018  

The flattening of the yield curve is carefully watched by investors as it is traditionally a good indicator of an economic slowdown. However, we always need to question conventional wisdom,… Read more »

BVTV: Then and now

Bond Vigilantes 23/04/2018  

Jim recently updated an old chart from 2007 showing the relationship between a flattening yield curve and credit spread levels. Back then, this classic leading indicator of recessions correctly predicted… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

Does the U.S. yield curve predict wider credit spreads? Also, goodbye to Hamish Watson

Bond Vigilantes 17/04/2018  

As the U.S. yield curve flattened to just 45 bps (2s-10s) last week, we dug out something I wrote back in 2007, in the early days of this blog. A… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

Is regulation coming to a Technology near you?

Equities Forum 17/04/2018  

Are today’s technology titans exploiting their market position without any attention to broader stakeholder welfare? Essentially, this is the implicit question being discussed in most media today. Given the recent… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

The impact of the technology tantrum on US corporate bond valuations

Bond Vigilantes 17/04/2018  

It is fair to say that markets have become more lively of late. One sector in particular has been the epicentre of revived market volatility – Technology. In the US… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

BVTV: Geopolitical tensions are back in the headlines – what does this mean for bond investors?

Bond Vigilantes 16/04/2018  

On this week’s BVTV I am joined in the studio by fund manager Dr Wolfgang Bauer and we will be focusing on the recent escalation in geopolitical tensions after the… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

Do you know your odds?

Equities Forum 12/04/2018  

This Saturday (April 14th) sees the 175th running of the Grand National, the most famous jump race in the world. With thrills and spills throughout its 4-mile, 4-furlong length, the… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

Can the UK government meet its housing pledge?

Bond Vigilantes 12/04/2018  

The current Conservative Government has pledged to meet its 2015 manifesto commitment to deliver one million homes by the end of 2020 and to “deliver half a million more by… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

BVTV: Have the markets been making well-informed decisions?

Bond Vigilantes 09/04/2018  

Bouts of market volatility have characterised the year so far as investors try to correctly price in news coming from the US. Is investor reaction truly reflecting the fundamental picture?… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US

You get what you pay for

Equities Forum 03/04/2018  

Since the start of 2016, the US stock market has rallied the best part of 35%, with the bulk of that coming since the election of Donald Trump. The corollary… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


FOLLOW US