Bond Outlook July 19th

A look a continued inflationary pressures coming through in the US and likely effects on US Monetary Policy. Is the Middle East situation a buying opportunity?

Bond Outlook [by bridport & cie, July 19th 2006]

Cast your mind back to the confusion of the emerging market sell off in the third week of May that was based on not a fig leaf of fundament. Closer examination led us to reason that the panic stemmed from two conflicting beliefs: global growth was slowly coming to a halt crushing commodities and future earnings, and the US was expanding too quickly driving inflation and providing the catalyst for further rate hikes.

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