Why the price being paid in bond markets following rate cuts is greater uncertainty

Nick Hayes, of AXA Investment Managers, on the lingering uncertainty in areas of the global fixed income market now the Bank of England has acted. Fixed income investors may benefit from a changing tide of interest rate cuts in the second half of the year, but 2024 still presents challenging uncertainty, according to Nick Hayes of AXA Investment Managers. The portfolio manager, who is also the firm’s head of total return and fixed income asset allocation, warns investors about expectations on yields as a return to ultra-low rates will not occur again. Read the article here