Speaking at Reuters Summit

He adds:

  • Is long sterling for past 3-4 weeks. A lot of Brexit concerns already priced in
  • Expects Italian German yield spread to fall further to low 100 BPS. Any election volatility of buying opportunity
  • Is long European and US high yield corporate debt. Expects recent outflows to reverse.
  • Expects US yield curve could flatten to zero next year but not a recession signal

He certainly is going against the tide a bit.