Marlborough: Bond markets zero in on Fed signals and tariff risks.
Bond markets will be closely watching employment data this week says James Athey, senior fixed income portfolio manager, at Marlborough, for any signs of labour weakness, which could push the Federal Reserve towards earlier rate cuts. The PM shares his views on the lead drivers moving markets; the impact of headline volatility on directional flow, and the looming questions over tariff risks.
In this episode, Athey also unpacks where he sees growing investor complacency; the importance of prioritising liquidity in the current trading environment, and where he sees concerns rising over shifts in private markets.
