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Our monthly chartbook on key economic themes from the BNY Investment Strategy & Research Group
A sharp repricing has pushed 10-year U.S. Treasury yields to around 5.30% following the Federal Reserve’s (Fed) 25 basis point (bp) hike in September, with real yields doing the heavy lifting. Yields are up roughly 55bps in the last month and 125bps from February, before the Iran conflict began to roil energy markets.
Elevated costs are changing the rules of portfolio construction, yet a more dynamic approach may offer a way through. Explore how a real-return strategy can aim to combine real assets, selective equities, and tail-risk hedging to navigate an environment of persistent inflation and fiscal pressure.
Persistent inflation may reshaping how investors think about portfolio construction. Yet the pipelines, ports, and utilities that keep economies running may be relatively well positioned to adapt. Explore how global infrastructure seeks to provide the potential for durable income and growing cash flows during what we expect to be a sustained period of higher costs.
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