Fixed Income
While geopolitical strife and ECB monetary easing could
keep yields low, the Fed is likely to be the main driver of
global bond yields over the next 12 months.
Speaking at the IMF in early July, Fed Chair Janet Yellen
reiterated that the Fed’s mandate is to achieve stable prices
and maximum employment, and there is no need to raise
interest rates for the sake of tackling financial stability concerns.
Instead, the central bank would prefer to use tougher banking
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