Investments that typically serve as havens in times of stress are moving in strange ways, highlighting the unsettled condition of financial markets as they head into the second quarter. Said Haidar was cited, stating that “the normal correlations you expect to see don’t work so well”. He also predicted that prices of government bonds in places like Spain, Italy and New Zealand would rise given that a mild slowdown in global growth would force central banks around the world to become less hawkish.

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