13/04/2024
Global Investment View
Global Investment Views - April 2024
Global Investment View - April 2021
Friday 09 April 2021
Global Investment View
Bubbles, tantrums and the revenge of value
A big shake-up is under way in bonds – rising UST yields, a steepening yield curve (2-10Y) and inflation expectations are leading markets to question whether we are facing a taper tantrum 2.0. We think that the risk of the Fed taking pre-emptive measures to stop its buying programme in the next 12 months has been exaggerated. The Fed will remain cautious and downplay inflation risks. Therefore, we could see a healthy increase in yields, driven by expectations of a recovery.
