GLOBAL - Corporate bond yields will rise once tension over conflict in Iraq eases, Axa Investment Managers believes.
It says one of the major investment fears over a war is that it will push up oil prices to more than US$40 per barrel.
This, it says, will dent global growth prospects severely.
Axa Investment Managers UK head of fixed income David Gould said: “The situation is producing an increased level of uncertainty which has been holding down bond yields.
“The removal of this uncertainty should cause yields to rise as the market begins to focus on the increased level of government supply.”
He added that while many thought making investment decisions at such a time was a gamble, it was better that investors looked for strategies that were effective for a number of different scenarios.
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