TREE NEWS reports: Chris Iggo, chief investment officer at AXA IM Core, part of BNP Paribas Asset Management, said the bond market is poised for a rebound after four difficult years, in a September 25 report written as he retires after 26 years in fund management. He said bonds are the most attractive in years despite broad concerns over inflation, government borrowing, private credit and surging corporate borrowing, adding that warnings of a fixed-income disaster suited 2022 better than 2026.
AXA IM Core CIO Chris Iggo Says Bonds Set for Rebound on Retirement
AI take
Iggo's call lands as a parting view rather than a house position to be defended, which makes it easier to read as a sentiment marker than a forecast. The tension he names is the one that matters: the same inflation and sovereign-borrowing worries that have kept fixed income unloved are precisely what he argues are already in the price. Whether that repricing thesis survives contact with private credit stress and heavy corporate issuance is the open question.
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