As summer has drawn to a close, Bryn Jones, head of fixed income at Rathbones, shares his views on the latest influences driving credit markets; yield curves steepening across government bonds, and notes the behaviourial shift from TINA, “There Is No Alternative” to equities to TANIA, “There Is Now Investment Alternatives”.

The fixed executive also discusses the rise of passive investing, its impact on markets and how active managers are seeking to navigate margin pressures and differentiate themselves to remain competitive. Looking ahead, Jones unpacks what else is on his radar for the rest of the year and looks at what active managers should be paying close attention to over the next few months.