Multi-Asset Strategy Daily

The report highlights a global 'duration grab' across developed markets, fueled by falling oil prices and a cautious approach to central bank rate hike expectations. Investors are closely monitoring upcoming US macro data, including PCE and GDP, for potential impacts on Fed policy.

Key Takeaways

• 1.Macro data focus remains on May PCE and Q1 GDP revisions, influencing Fed rate hike expectations.
• 2.DM rates curves show a bull-flattening trend driven by a duration grab amidst falling oil prices.
• 3.UK Gilt markets benefit from a combination of global duration tailwinds and an orderly transition in domestic politics.

Table of Contents

• USD
• EUR
• GBP
• JPY

Document Preview

Page 1 of 3

Subscribe for full accessStart Free Trial