Time to Get Into Chinese Bonds, Says UBS’s Briscoe

The video discusses the current investment climate, focusing on bonds and safe assets like gold. It highlights the unusual positive correlation between these assets and the ongoing economic slowdown, as indicated by the yield curve. The discussion shifts to China's fiscal policy, noting its stable credit impulse and reluctance to revert to past strategies. The US yield curve is analyzed, with the front part deemed safest amid potential rate cuts. Credit markets, particularly high yield, are seen as valuable. Finally, the video identifies Chinese bonds as a standout asset due to their spread widening compared to the US.

What unusual market behavior is highlighted in the first section regarding bonds and gold?

• They are negatively correlated as expected.

• They are positively correlated, which is unusual.

• They have no correlation at all.

• They are both losing value rapidly.

What historical period is compared to the current yield trends in the second section?

• 2015-2016

• 2010-2011

• 2018-2019

• 2008-2009

According to the second section, what is China's current approach to fiscal intervention?

• Reducing credit impulses

• Maintaining stable credit impulses

• Increasing interest rates

• Aggressive fiscal spending

In the third section, which part of the US yield curve is considered the safest investment?

• The front part

• The back part

• The middle part

• The entire curve

What is the standout asset mentioned in the third section for potential investment?

• Chinese bonds

• European bonds

• US stocks

• Gold