Strategy & economics

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


Alex Smitten

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”. 

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