Are there any trends in fixed income research that have been prominent in the past year
Clearly, there have been two dominating trends that have served to exercise the mind, that being Fed easing and the entrenching effect of the Asian bid.
I guess we spent the first quarter of the year trying to discern the relationship and intensity of their respective influences and attempted to position our portfolio accordingly for the duration of the year.
I can't say we were the right way round 100% of the time as so often we found ourselves reverting to the analysis of fundamentals. Very dangerous
Seriously, the Asian bid has pretty much re-written the investor and borrower...