Report published August 17, 2026
How Can Investors Find Income? UBS Portfolio Positioning & Fixed Income Strategy
Source and citation context
- Issuer
- UBS
- Report date
- August 17, 2026
- Analysis as of
- Not stated in source
Authors / editors: Leslie Falconio, Frederick Mellors, Tom Nash, Matthew Carter
Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
UBS CIO advises investors to lock in elevated yields across short- and medium-term quality bonds, as market expectations of central bank policy tightening are overstated. Yields in the US, Eurozone, and UK are projected to drift lower over the next 12 months as disinflation resumes.
Key Takeaways
- 1.Lock in elevated yields on quality bonds—especially short- and medium-maturity segments in USD and GBP—before central bank easing drives yields lower over the next 12 months.
- 2.Government bond yields in the US, Eurozone, and UK are expected to drift lower over the next 12 months as central bank rhetoric softens and disinflation resumes.
- 3.Complement core quality fixed income with selective allocations to high yield, emerging market credit, equity income, and structured investment strategies to enhance diversified income.
Table of Contents
- Key message
- 01 Inflation concerns have pushed bond yields higher.
- 02 But we believe yields are likely to decline over the next 12 months.
- 03 So, we see opportunities to lock in yields and add to portfolio income.
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- Investment view
- Non-Traditional Assets
- Disclaimer
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| 10-year US Treasury yield change | 70 bps | Yield increase relative to late February levels prior to the US-Iran conflict |
| US Core Consumer Price Inflation | 2.5% | Moderated on a year-over-year basis in July |
| US Headline Consumer Price Inflation | 3.4% | Moderated on a year-over-year basis in July |
Reports in this series
UBS House View Briefcase is shown in chronological order through this edition, published on August 17, 2026.
Part of the UBS House View Briefcase series — view all 20 editions
Looking for the latest edition? What does the US Iran conflict mean for markets en 1666128 (Sep 7, 2026)
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Authors / Editors
Reported Data Context
- 10-year US Treasury yield change: 70 bps (Late February 2026 to August 2026)
- US Core Consumer Price Inflation: 2.5 % (July 2026)
- US Headline Consumer Price Inflation: 3.4 % (July 2026)