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Highlights Chart 1Rate Hikes Lagging Wage Growth Rate Hikes Lagging Wage Growth…

Highlights Chart 1Is Inflation Heating Up? Is Inflation Heating Up…

Highlights Chart 1Keep A Close Eye On Financial Conditions Keep A Close Eye On Financial Conditions…

Highlights Chart 1Strong Growth & An Easy Fed Strong Growth & An Easy Fed…

Highlights Global Growth: If global demand follows the recent improvements seen in economic sentiment, growth will surprise positively relatively to expectations in 2017. With global inflation also likely to continue drifting higher over the course of the year, the medium-term bearish…

Highlights Chart 1Upside Risks & Uncertainty Upside Risks & Uncertainty…

Highlights Chart 1More Upside From Inflation bca.usbs_pas_2016_12_06_c1…

Highlights Chart 1Targeting 2% bca.usbs_pas_2016_11_08_c1…

Global bond yields continue to grind higher, led by signs of improving growth, moderately higher inflation and central banks having difficulty staying credibly dovish. Maintain a below-benchmark duration stance.

This week, we are reviewing all of our active trades discussed in the last twelve months, which are intended to be an overlay to our recommended fixed income portfolio.