Investors buy the dip in bonds as the sovereign-corporate divide widens: Aberdeen executive
Demand for investment-grade bonds still outstrips supply, with deals being regularly oversubscribed, he adds
[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.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part