Inflation Protected
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.
