Curmi & Partners

Q2 Update and Outlook

Fixed income markets continued to be well supported by a number of factors. Central bank monetary policies remain accommodative, even though this effort has now peaked. Other positive factors include the gradual recovery in economic growth, few signs of acceleration in inflation, a stable default scenario and generally robust risk appetite. Additionally, during the second quarter of 2017 fixed income markets were boosted further by a decline in benchmark yields (primarily driven by the US market) driven by factors including doubts on Trump’s ability to implement certain policies and French politics.