This report, authored by Capital Group investment directors Flavio Carpenzano and Peter Becker, distills the shifting global economic landscape and its implications for fixed income.
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US growth is set to moderate as tariffs fuel persistent inflation, while fiscal support and AI investment help sustain momentum.
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Europe’s outlook is strengthening, with German fiscal expansion likely pushing the ECB toward rate hikes in 2026.
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Tight valuations and political risk favor a defensive, globally diversified approach across rates, credit and EM local markets.
Curious how these dynamics could reshape return drivers across global fixed income? Dive into the full analysis for a deeper view.
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