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By Brad Tank, Chief Investment Officer - Fixed Income
The ECB's accommodative stance removes one more obstacle from a global soft landing.
As my colleagues and I prepare our latest quarterly Fixed Income Investment Outlook, it is worth recalling that our last one, which came off the press on December 19 and was battered by the winter storm in markets, made a bold call for a "soft landing" for the economy.
Three months and 150 basis points of high yield spread tightening later, those wintry markets have calmed down and come around