In our weekly podcast, Macro Strategy Views, we discuss the rotation in asset performance and the silent change in central banks’ reaction function. Since early September, equities and in particular European bank stocks have outperformed fixed income. This partly reflects geopolitics. However, the concerns about the reversal yield raised by some central banks have lifted short-term yields and banking stocks.

Global Head of FI&C Research, Thomas Harr, chairs today’s podcast while our Equity Strategist, Bjarne Breinholt Thomsen, joins him.