European Bond Space a Neutral Market for BlackRock
Brexit is turning out to be a blessing in disguise for some of the European bond markets that were expected to be among the biggest casualties. Rather than hastening the disintegration of the European Union, the U.K.’s vote to leave the bloc two months ago has triggered a different collateral effect, at least for the meantime, as investors expect the European Central Bank to add stimulus to shield the region from any economic fallout. The result has been that government securities from the most indebted countries have led gains across the euro region. BlackRock Global Bond Strategist Marilyn Watson discusses with Bloomberg's Anna Edwards on "Countdown."
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