Between conflict and compromise: finding value amid Middle East volatility
From The Weekly Fix by RBC Global Asset Management (U.S.) Inc.
April 7, 2026 · 5 min · Episode 125
About this episode
The episode discusses how Middle East tensions are impacting bond strategies and the differing economic exposures of regions amid volatility.
Quality over risk in volatile markets: Middle East tensions are influencing bond investors toward safer U.S. positions while energy prices create challenges across global economies. Andrzej Skiba, Head of U.S. Fixed Income on RBC GAM's BlueBay U.S. Fixed Income team, breaks down how geopolitical events are shaping bond strategies and why regional economic exposures differ significantly. Markets have recovered on hopes for diplomatic progress, though uncertainty around Iran negotiations remains given strategic considerations over key shipping routes. So far, U.S. economic exposure appears more limited due to energy independence, while Europe and Asia may face heightened recession risks from energy price pressures. Investment approach emphasizes high-quality U.S. bonds over riskier options, with selective credit criteria and protective strategies to manage current market conditions.
People in this episode
Guest: Andrzej Skiba
Topics covered
- Middle East volatility
- bond investing
- geopolitical events
- energy prices
- U.S. economic exposure
- recession risks
Keywords
- bond investors
- U.S. positions
- energy independence
- high-quality bonds
- market conditions
- diplomatic progress
- credit criteria
Mentioned in this episode
Organizations: RBC GAM, BlueBay U.S. Fixed Income team
Places: U.S., Europe, Asia, Middle East
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