During the firm’s mid-year outlook this week, Simon Blundell, co-head of fundamental fixed income for EMEA, said: “I expect we will see another move, similar to April, in markets”.
However, he caveated that he is “not exactly sure” what “the trigger” to this will be.
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To position for this, Blundell emphasised the importance of being highly selective, noting that “we love the banking sector, but very much in an up in quality, up in capital structure, so [we like] the senior part of the banking …
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