Post by Jim Smith
Head of Europe and Africa Distribution, Senior Client Portfolio Manager. Franklin Templeton Fixed Income.
Like Dorothy in the “The Wizard of Oz,” the pandemic has landed the global economy in an unfamiliar place. However, tailwinds to growth are gathering. In his third quarter review, Director of Global Macro Research Francis Scotland explains how the accumulation of rate cuts, the lagged influence of falling bond yields, increases in household net worth, and cheap energy imply a gradual rise in bond yields and steepening of the curve. http://ow.ly/wufd102qtek
