Chris Iggo, chair of AXA IM Investment Research and CIO, Core Investments at BNP Paribas Asset Management, said proposals for unconventional policy measures are damaging to market sentiment and will prompt investors to question the motives behind them. With the US midterm elections just over two months away, some may conclude the primary motive is political. Last week the US Treasury doubled the size of its long-term Treasury buyback operations, and markets have discussed using funds from the Tr

Chris Iggo, chair of AXA IM Investment Research and CIO, Core Investments at BNP Paribas Asset Management, said proposals for unconventional policy measures are damaging to market sentiment and will prompt investors to question the motives behind them. With the US midterm elections just over two months away, some may conclude the primary motive is political. Last week the US Treasury doubled the size of its long-term Treasury buyback operations, and markets have discussed using funds from the Treasury General Account to finance those buybacks.