Looking at the world economic and investment picture in the final quarter of the year, it is rather disturbing to say the least. For a start, the 10-year US Treasury yield has surged to 5%, a level not seen since the global financial crisis 15 years ago.
The Chinese economy may look better than expected, but only because of aggressive monetary and fiscal stimulus by the authorities. The all-out war between Israel and Hamas is the most dangerous in decades. What is happening in our world? And how should we invest? Let’s find out.
Looking at rising bond yields, we view them as a result of the Federal Reserve signalling that US interest rates will stay higher for longer amid continued good economic numbers. Inflation…
