High Grade Bond Market Strategy

UBS maintains an 'Attractive' rating on high grade bonds, citing low default risk and the potential for capital gains as inflation expectations moderate. The strategy favors extending duration in European markets while keeping a short-term focus in the US and UK.

Key Takeaways

• 1.We maintain an Attractive rating on high grade bonds due to their appealing risk-return profile and potential for further upside.
• 2.Tactical preference varies by region: we favor extending duration in Europe while maintaining shorter maturities in the US and UK.

Table of Contents

• USD
• EUR and CHF
• GBP
• Upside scenario
• Downside scenario
• Global asset class preferences definitions
• Appendix
• Risk Information

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