While we see a more “moderate” economic path ahead, political upheaval and re-emerging deficit concerns will likely prolong the range-bound conditions for long-term interest rates. Yield stability may feel like a pedestrian outlook concept, but it remains one of the key components behind the strategic, asset-allocation case for bonds.
In “Markets’ Consolidation Belies Fiscal Concerns,” Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, unpacks the strategic case for fixed income, particularly relative to cash and equities, amidst the economic prospects that lie ahead.
Our Global Macroeconomic Research Team looks at the global ramifications from recent political developments as well as the precedent—and the current effects—pertaining to monetary policy divergence in “Resiliency on the Surface, Crosscurrents Beneath.”
A spotlight on biofuels, a summary of our geopolitical risk scenarios, and our sector views round out our expectations for the third quarter and beyond.
