Inflation - the bond market's nemesis because it forces up rates and erodes returns - looks likely to moderate this year as recessions start to bite.
Joost van Leenders, senior strategist at Van Lanschot Kempen, bought into Treasuries back in August on the expectation "inflation will come down because economic growth comes down." He remained wary on euro zone bonds with the European Central Bank nowEquity investors hope a V-shaped year for the global economy will see stocks end it comfortably higher.
Source: Financial Digest (financialdigest.net)
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