While the world is facing persistent, higher inflation, some central banks are expected to start cutting rates, making the outlook for cash less attractive. Meanwhile, revaluation in bond markets has taken yields back to levels not seen in decades. But will that translate into returns over the long term, or will yawning deficits interfere? Will bonds revert to being a defensive asset, or are years like 2022 where stocks and bonds fall in tandem the new norm? This session will assess the macroeconomic outlook and implications for fixed income investors.
