HSBC's Major Sees Risk of a Credit Bear Market in 2020

The video discusses the dynamics of inflation and credit markets, highlighting the risk of a credit bear market. It examines the significance of the US yield curve on global credit markets and the potential for bear steepening. The discussion also covers negative interest rates, particularly in Switzerland, and their broader implications. Finally, it addresses common misunderstandings about fixed income investments, emphasizing the importance of understanding yield to maturity and reinvestment assumptions.

What is the significance of the shape of the US yield curve in relation to global credit markets?

How do negative interest rates function as a monetary policy tool?

What misconceptions do investors have about fixed income investments?