Rather than seeing the recent market and geopolitical volatility as the effects from the latest in a series of idiosyncratic developments, we view them as the contours of a new paradigm that continues to shape our economic and bond market outlooks.
In “Embracing Churn and Earn,” Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, places his bond market outlook in the context of the recent churn that has pushed developed market yields to multi-year highs. As value accrues across the sectors, the benefits of owning bonds also grows, as Tipp explains.
“New Global Contours, Greater Dispersion,” by Daleep Singh, Chief Global Economist and Head of Global Macroeconomic Research, details how the outlooks for the major global economies may continue diverging over time. As several, structural anchors continue to give way in the new paradigm, the effects are increasingly apparent in our updated regional economic scenarios.