Bonds Bring Resilience for Uncertain Economic Times

We are more constructive in the base case, and the data has been favorable towards inflation declining and economic momentum being maintained. With that said, there’s massive macro uncertainty, massive geopolitical uncertainty. We still have an inflation dynamic that’s been very, very challenging to understand. On the growth side, given inevitable lags in terms of central bank policy actions to date, there is a real risk of a hard landing, and that hard landing probability could go up a lot if the geopolitical situation were to deteriorate. Read on to find out more from Group CIO Dan Ivascyn....