Swiss Economicblogs.org
Total returns from government bonds could come under pressure in 2017.Our central scenario for developed markets sovereign bond yields in 2017 is based on our in-house risk-factor analysis, which is leading us to conclude that there is a 65% probability that 2017 will be a year of reflation (see table).Underpinning the economic environment will be the following three macroeconomic factors:Inflation, which should accelerate in the US, the euro area, the UK and Japan.Monetary policy, which...
Read More »Sovereign yields to rise as reflation takes hold
