Group 1 - The core viewpoint is that Schroders believes the recent rise in bond yields has been overdone, and the potential for an economic "soft landing" presents attractive entry points for investors [1] - Schroders has increased the probability of an economic "soft landing" scenario, reflecting signs of stabilization in labor market indicators, such as small business hiring intentions [1] - The firm predicts a moderate economic slowdown by Q4 2025, considering a mild short-term inflation outlook and the potential dovish stance of the new Federal Reserve Chair [1] Group 2 - Schroders sees better bond investment opportunities emerging in regions outside the U.S., while expecting the U.S. interest rate curve to steepen [2] - The underperformance of 10-year and 30-year bonds compared to 2-year and 5-year bonds reflects the weak fiscal condition of the U.S. economy, characterized by a large budget deficit and rising debt-to-GDP ratio [2] - Any threat to the independence of the Federal Reserve could support the strategy of a steepening yield curve, as the market anticipates potential over-relaxation of monetary policy due to temporary labor market weakness [2]
施罗德投资：料今年美国经济增长将保持良好 经济“软着陆”机率上升
Zhi Tong Cai Jing·2026-01-05 05:54