There is still room down for bond yields in some DMs

Given our view about monetary policy, we expect government bond yields in some developed markets such as the UK to fall markedly this year. In some other places, like the euro-zone, we doubt central banks will have much impact on yields. And we see scope for bond yields to rise in Japan.

In view of the wider interest, we are also sending this Global Markets Update to clients of our Asset Allocation service.

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