BlueBay's David Riley on U.K. 2Q Slump

The transcript discusses the UK economic outlook, focusing on GDP, PMI, and unemployment. It highlights the potential impact of the furlough scheme ending and anticipates further fiscal stimulus. The analysis extends to currency and bond markets, with a focus on the dollar and emerging markets. Investment strategies in capital structure and yield are explored, along with the duration in portfolios and associated market risks. The discussion concludes with an outlook on corporate defaults and market conditions.

What factors are contributing to the grim reading of UK asset pricing?

How is the current unemployment situation in the UK expected to impact investors and households?

What are the expectations regarding fiscal stimulus from the chancellor?

Discuss the potential impact of the dollar's performance on global markets.

What are the implications of moving down the capital structure for investors?

How do you perceive the current state of corporate defaults and their future outlook?

What indicators should investors look for to assess the economic recovery in the autumn?