Recurring series
UBSUBS House View - Daily US
Finvaulta tracks 4 editions of UBS House View - Daily US from UBS, published between July 3, 2026 and August 28, 2026. Each edition is summarized on its own page.
Latest edition · August 28, 2026
Daily US en 1665666
US Treasuries faced renewed pressure ahead of Fed Chair Kevin Warsh's Jackson Hole address as sticky inflation and less forward guidance keep policy uncertainty high. UBS expects the Fed to hold rates steady through 2026 before easing in 2027, recommending portfolio diversification into global equities, short/medium-duration bonds, gold, and commodities.
Ahead of Federal Reserve Chair Kevin Warsh's speech at Jackson Hole, US Treasury yields moved higher as markets digest sticky core PCE inflation (3.3% y/y in July) and a shift away from explicit forward guidance. UBS's baseline remains that inflation will gradually moderate, keeping Fed policy rates steady for the rest of 2026 before cuts in H1 2027. Globally, Eurozone bank lending expanded in July, supporting an Attractive rating on European banks, while accelerated Tokyo inflation sets the stage for expected BoJ rate hikes in September, January, and June to reach 1.75%. UBS recommends disciplined portfolio diversification across global equities, quality shorter-dated fixed income, and commodities.
Read the latest edition in fullKey takeaways from the latest edition
- 1.Fed Chair Kevin Warsh's less-guided approach to monetary policy has increased uncertainty in rates markets ahead of Jackson Hole, contributing to an upward move in long-dated US Treasury yields.
- 2.UBS maintains a base case that US inflation will gradually ease, keeping the Fed on hold for the remainder of 2026 before potential rate cuts in H1 2027.
- 3.European bank lending accelerated in July; UBS rates European Financials as Attractive, benefiting from solid loan demand, resilient net interest income, and reasonable valuations (~11x 2027 P/E).
What this series covers
- From the studio
- Thought of the day
- What to watch: 31 August
- Caught our attention
- Market update
- Appendix
Edition archive
Series at a glance
- Editions tracked
- 4
- First edition
- July 3, 2026
- Latest edition
- August 28, 2026