Asks about the Japan trade and JGBs.
Host
Andy Chorlton
We quite like JGBs a little bit tactically. The uncertainty of the budget is out of the way. We're cautiously constructive.
Asks about European bond markets and safe havens.
Host
Andy Chorlton
Germany is probably the one safe haven that still behaves the way you might expect it to.
Asks about France spreads and UK gilts outlook.
Host
Andy Chorlton
UK gilts rally is plausible if politics stays stable. If we get more noise on potential change in leadership, expect volatility.
Asks when debt will start mattering again for fixed income.
Host
Andy Chorlton
I do think debt matters. Governments haven't solved structural problems because it's politically difficult.