Understanding the risk of deflation in Europe

By Stephanie Flanders, Chief Market Strategist – UK & Europe, J.P. Morgan Asset Management The eurozone is in recovery mode, at last.  But there are a number of risks and potential headwinds that could blow this fragile improvement off course … Read More

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There is life in the old bond dog yet

Well, was 2013 about as bad as it gets?  The bond dog certainly took a good kicking.  The average US bond lost investors -2.34%, incidentally only marginally less than the poster child of bond bear markets, 1994, which recorded a … Read More

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Emerging and developed markets – the ‘recoupling’ that didn’t happen

How trends shift.  It wasn’t so long ago that all the rage was about how developed and emerging markets were re-coupling.  A glance back over the last nine months shows how far fetched this now looks. Estimates of economic growth … Read More

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The ‘Great Escape’ and what comes next for bond investors

Global central bankers should be congratulated for engineering what we would call ‘the great escape of 2013.’ As the dominant influence in the investment landscape last year, they held down bond yields while accumulating massive amounts of assets. They were … Read More

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The remarkable rise of the European Hybrid securities market

By Andreas Michalitsianos, manager of JPM UK Corporate Bond Fund Whisper it quietly but the European industrial is fighting back. It’s a story of rags to riches where a once unloved corner of the bond market is growing from strength … Read More

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Managers will seek quality and resilience in government, corporate and EM bonds in 2014

Well, well, more of the same?  A quick look back over the year reveals a consistent pattern.  Yet again markets, economies and returns have been dominated by the actions of policymakers and officials. Prime Minister Abe set the tone early … Read More

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Cinderella markets

By Nick Gartside Well, well.  Talk about just in time.  A bit like Cinderella, the two ugly sisters left the ball and thrashed out an agreement.  The details of the debt ceiling and shutdown are now well known and essentially … Read More

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Running with the bulls, European High Yield

This blog is by Peter Aspbury, Portfolio manager, European High Yield with J.P. Morgan Asset Management.   After a torrid third quarter in which European high yield market posted a 3.5% total return (as measured by the BofA ML HEAD … Read More

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Seeing the wood through the trees…

Maybe that’s the real message from central banks?  They’re actually looking at the wood, while we, the market, are missing it through the trees?  Against a backdrop where corporate balance sheets are in good shape, government finances a lot more … Read More

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