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The Most Important Global Macro Chart over the Next Three Months

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Core inflation in the eurozone is perhaps the most important global macro indicator this summer. The trend of global bond yields hinges on the ECB tapering decision. Markets remain skeptical that the ECB will hit its inflation target anytime soon. High real yields are one reason to reduce the allocation gap between the U.S. and other countries.

Ned Davis Research | Fixed Income | Global Focus | Monthly

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