The euro area and US central banks have applied similar monetary policy tightening over the past 18 months with distinctly different results. We see three key reasons why
US budget deficit may mean yields stay higher for longer
Modest rate cuts would be justified in this scenario, says US investment giant
Some strategic bond funds are more effective than others
Opportunities exist though caution is advised
US investment giant says value could be unlocked in European equities
4.5% may not be necessary