► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The US's near-default will probably be seen as a blip in the continuing global equity rally, Chris Iggo, chief investment officer of fixed income at Axa Investment Managers, tells John Authers. However, he says US Treasury bonds still look expensive.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes