A key dynamic shaping the fixed income markets is the divergence between government and investment-grade corporate bonds
[SINGAPORE] Fixed income markets have held up better than expected through a year of geopolitical shocks and volatility – a trend that came as a surprise to Jonathan Mondillo, global head of fixed income at Aberdeen.
While bond markets were rattled, investors seemed to take the sell-off as an opportunity to buy in, said Mondillo.
“Even to this day, when I look at markets as it relates to what is going on in the Middle East, markets seem to be able to look through the risks and are generally quite sanguine about things,” he told The Business Times.
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