July 2018: What populist politics mean for the bond market

The rise of populism and protectionism are just two factors currently creating uncertainty, explains Alex Smitten, in this Quarterly Investment Briefing

09/07/2018

Authors

Alex Smitten
Head of Fixed Income

Yields remain very low by historic standards but the market is acutely sensitive to anything that increases uncertainty, says Alex Smitten in this video. The emergence of political radicalism in Italy hit Italian government bonds hard, for example, while German bond benefited from a “safe haven effect”. 

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

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This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.

Authors

Alex Smitten
Head of Fixed Income

Topics

Fixed Income
Bonds
Global economy
Quarterly Report
Economic & Strategy Viewpoint
Video
Market views

The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.