Inflation Protected
In our 2026 inflation outlook, we explain why 2026 will bring more disinflation, upside risks remain contained, and how to position in ILBs across major markets.
We present our five key views for global fixed income markets in 2026. A year that will see the global easing cycle come to an end.
Gold’s decisive break above $4,000/oz, extending gains to over 55% year-to-date, reinforces the structural bull case driven by persistent central bank demand and mounting fiscal concerns globally, supporting an overweight stance in bullion relative to other…
High US inflation is being driven by tariffs, not domestic inflationary pressure. This argues for Fed easing and a bull-steepening of the Treasury curve.
