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Aktiebolaget Svensk Exportkredit Elements Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas due Augu
We lay out three reasons why we see a strong economic restart, rather than a normal recovery, and believe markets still underappreciate its size and speed.
U.S. Treasury yields hit 13-month highs. We see the recent rise in real yields as justified given the growth outlook and remain tactically pro-risk.
Investor focus is set to shift to policy meetings of major central banks for their reaction to rising yields, after passage of the $1.9 trillion U.S. fiscal package.