Hille: We Don’t See the End of the Bond Bull Market

The video discusses the outlook for the bond market, suggesting a moderate increase in yields due to debt overhang and central bank policies. It analyzes the potential impact of Donald Trump's economic policies, including tax reform and deregulation, on the market. The discussion also covers equity market trends, highlighting optimism and potential overshoots. Opportunities in currencies and fixed income investments are explored, with a focus on the dollar and emerging markets. The video concludes with strategies for investing in emerging markets, emphasizing tactical trades and diversification.

What is the speaker's prediction for the bond bull market?

• It will end with a sharp increase in yields.

• It will decline with decreasing yields.

• It will continue with a moderate increase in yields.

• It will remain unchanged.

Which of the following is NOT mentioned as a potential benefit of Trump's policies?

• Deregulation

• Increased tariffs

• Tax reform

• Infrastructure spending

According to the speaker, how much of the market optimism is already priced in due to Trump's policies?

• None of it

• All of it

• Half of it

• Three-quarters of it

What is the speaker's view on investing in local currencies?

• Not recommended at all

• Recommended only for European countries

• Not recommended except opportunistically

• Highly recommended for all countries

Which asset class does the speaker find interesting besides equities?

• Cryptocurrencies

• Dollar-denominated fixed income

• Commodities

• Real estate