Asset allocations · Market outlooks

A value-growth barbell strategy

Philippe Gijsels, BNP Paribas Fortis

The 10-year and 30-year US yields are pushing towards the top of their trend channels. These interest rates are all-important for the further evolution of long-duration assets. 2 per cent on the 10-year segment seems to be a breaking point. A barbell strategy between value and growth may offer a solution.

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