Not all bonds are equal in a geopolitical storm. Chief Investment Officer for Investec Bank Switzerland Annelise Peers and Investec Wealth & Investment Fixed Income Analyst Awongiwe Booi discuss the role of bonds in times of uncertainty. Listen to the latest episode of the No Ordinary Wednesday podcast

Podcast key moments:

00:00 – Introduction 

01:12 – What impact is the geopolitical turmoil having on economies, financial markets and the oil price?

02:36 – How has the bond market reacted to conflicts in the Middle East and the Russia/Ukraine war?

03:44 – What has been the impact of the conflicts and fluctuating oil price on South Africa?

05:32 - How is South Africa’s low growth, high interest rates, sticky inflation and structural issues impacting the local bond market?

06:51 – With strained government finances, how is the global bond market viewing South Africa?

09:10 – Economic growth outlook in major economies

11:27 – What do economic indicators in major markets mean for bond markets?

13:46 – To what extent is Japan a factor?

15:29 – Foreign investors staying the course in emerging markets

18:06 – Interest rates outlook

19:46 – Impact on long-bond yields and currencies

22:44 – Outlook for fixed income markets



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