Global Fixed Income Strategy

GFIS June 5 (Real Bond Yields)

Date: 2016-06-05 - Prepared by: The GISI

“The Fed’s ability to affect real rates of return, especially longer-term real rates, is transitory and limited. Except in the short run, real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.” — Ben Bernanke, March 2015

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