Where do we expect bond yields to go?
Our summer 2019 edition looks at UK pension buy and maintain strategies, the globalisation of real estate holdings and the importance of timing when investing in a volatile, late cycle environment.
Macroeconomic assumptions: Mostly stable, mostly moderate
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
For the first time in 20 years, markets will have to survive without support from central banks.
A case for private core infrastructure