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Europe will resemble Japan within a decade, warns Invesco bond manager

While credit spreads still offer a good cushion above where sovereign bonds trade, at some point the cycle will turn against high yield, says fund manager from the large US asset manager. He expects the current asset reallocation from equity into fixed income to continue in 2020.

Invesco's fixed income fund manager speaking at a press conference in London last Thursday. Photo: PR / INVESCO

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