This year market expectations have shifted from Fed tightening to easing and potentially to rapid loosening.
Last week the OECD lowered its 2019 forecast for global growth from 3.2% to 2.9% and for 2020 from 3.4% to 3.0%.
This deteriorating backdrop has led bond yields across G6 countries to fall dramatically, and with further accommodation on the horizon yields could be anchored to these levels.
Where can investors uncover yield? In this week’s Strategy Espresso, we explore the case for emerging markets.
