John Taylor
24 Years at AB|26 Years of Experience
John Taylor is Head of European Fixed Income and Director of Global Multi-Sector at AB. He is a senior member of the Global Fixed Income, UK and European Fixed Income, and Absolute Return portfolio-management teams. Prior to this, Taylor was responsible for the management of single-currency portfolios. He joined the firm in 1999 as a fixed-income trader and was named in Financial News’s 40 Under 40 Rising Stars in Asset Management in 2012. Taylor holds a BSc (Hons) in economics from the University of Kent. Location: London
Published Work
Political risks and central bank easing pave the way for active managers in the European bond market.
European bond markets are climbing a mountain of worry. Despite the risks, history suggests a positive outcome.
Prospective US policy changes look adverse for Europe’s governments and economies—but mostly positive for bonds.
Balancing credit risk with interest-rate risk in a dynamically managed portfolio can be an all-weather approach.
We think it would be a mistake for investors to let tighter spreads and upcoming maturities deter them from the euro high-yield market.
Across Europe, ruling parties are under pressure. Bond investors should stay active and invested, in our view.
US investors often stick to US markets. But that could be a costly mistake—especially today.
Although markets expect both the Fed and the ECB to cut rates over the summer, macro developments could change that forecast.
Sovereign debt levels soared during the pandemic, and countries at the eurozone’s periphery may look high risk. But appearances can be deceptive.
Policy easing should help euro and UK sovereign bonds, while fundamental, technical and valuation factors are all supportive for euro credit markets.
We believe that—although the battle with inflation is not completely won—inflation is now more likely yesterday’s than tomorrow’s problem.
We believe investors should prepare to back the beneficiaries of lower euro rates-but hold off taking big interest-rate risk positions for now.
UK government bonds prices have plunged recently. Sterling-denominated corporate bonds have also fallen sharply and are looking very cheap.
COVID-19 is triggering a new era of central banking. We believe this will play out just as powerfully in the euro area as elsewhere.
With quantitative easing (QE) set to relaunch in the eurozone, ultra-low or negative rates look likely to extend into the foreseeable future. In this environment, we believe a selective approach and dynamic management are the keys to worthwhile returns in fixed income.