21 min to listen 12 May 21
Summary: There has been significant positive momentum in credit markets since the Covid crisis began, underpinned by unprecedented levels of government and central bank support. However, despite market expectations of a sharp rebound in economic activity, there remain significant risks to this view. Notably, what happens as the stimulus packages are wound down - how will markets respond? What does the structure of markets tell us about the underlying risks? In this episode, David Parsons is joined by Richard Ryan to talk about the current issues in fixed income markets and the cyclical nature of markets.
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.