1 / 11

Credit and Fixed Income

Credit and Fixed Income. 30 January 2010 Philip Barleggs. Global Economic Outlook. Growth Outlook – US. Leading Indicators Point to Strong Growth in the US but questions remain about sustainability. Growth Outlook – Europe. Sentiment suggests softer recovery in Europe. Inflation Outlook.

cybil
Télécharger la présentation

Credit and Fixed Income

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Credit and Fixed Income 30 January 2010 Philip Barleggs

  2. Global Economic Outlook

  3. Growth Outlook – US Leading Indicators Point to Strong Growth in the US but questions remain about sustainability

  4. Growth Outlook – Europe Sentiment suggests softer recovery in Europe

  5. Inflation Outlook Large Output Gap should act as a Drag on Core Inflation

  6. Credit Outlook Supportive Drivers Economic Recovery & Stimulus packages De-leveraging continues, fundamental improve Comparative position versus Sovereigns improving Investment inflows

  7. Credit Outlook Risk Factors Sovereign debt crisis deepens How overweight are investors already?

  8. Global Government Bond Strategy

  9. Global Credit Strategy

  10. Macro Themes for 2010 Central Banks – Lower for longer Asset Reflation – Substantial cash reserves put to work Focus Turns to Fundamental Data – Scaling back of official intervention

  11. Investment Themes for 2010 Higher Yields Narrower Credit Spreads Lower Volatility Inflation: Is it Cheap?

More Related