Nick Hayes | Source | Head of Total Return & Fixed Income Asset Allocation at AXA Investment Managers
Nick Hayes
Nick Hayes is a fixed income fund manager at AXA Investment Managers based in London having joined the company in June 2010. Prior to joining AXA, Hayes worked at New Star as senior portfolio manager in the New Star Fixed Income team. Hayes graduated from Trinity College, Dublin with a BA Honours degree in French and Spanish. He runs the AXA Sterling Corporate Bond, Sterling Strategic Bond and the AXA WF Global Strategic Bond funds, all with a top down investment style.
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AXA Investment Managers
Head of Total Return & Fixed Income Asset Allocation
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Forty-year bond bull market far from over, says AXA Investment Managers
The 40-year bull market in bonds is far from over despite predictions of its demise, according to Nick Hayes, manager of AXA IM’s Global Strategic Bond strategy.
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How bond investors reacted to first bear market in 40 years
Two veteran fixed income investors have warned the market is being too optimistic about the outlook for economies and are taking a cautious approach
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We could see people selling off their high yield bonds and buying the sovereign bonds, despite the macroeconomic outlook.
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On one hand, the macro picture should be massively negative for bonds, and we did see a fairly short-lived downturn earlier this year. But the market rallied back over Q2 and Q3 because central banks have been tolerant of inflation, believing it to be transitory despite the ambiguous associated timeframe, and because there have been huge price insensitive buyers in the government bond market driving yields down.
