VFTP Strategist Series, Bert Lourenco - The Outlook for UK and European rates
For a discussion on UK and European sovereign fixed income and credit markets, The VFTP Strategist Series welcomed European interest rate strategist Bert Lourenco. Bert gives a great level of detail and nuance, emphasizing what drives supply and demand in these markets, and thus what drives the shape of the curve.
Paul and Bert start the discussion with who the natural buyers of European fixed income are, and how this has influenced the shape of interest rate curves in the UK and the EU. They also discuss Brexit and the pickle in which Mark Carney finds himself, the rise of populism in Italy and how this affects the Eurozone, and they look at life after Mario Draghi and the possible policy changes that will ensue.