{"id":110297,"date":"2021-03-23T12:08:39","date_gmt":"2021-03-23T12:08:39","guid":{"rendered":"https:\/\/fin2me.com\/?p=110297"},"modified":"2021-03-23T12:08:39","modified_gmt":"2021-03-23T12:08:39","slug":"funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey\/","title":{"rendered":"Funds expect subdued U.S. inflation, strong EM FX – Russell Investments survey"},"content":{"rendered":"

LONDON (Reuters) – Fixed income managers expect the U.S. Treasury yield curve to steepen in the next 12 months and many anticipate inflation will remain subdued in a 1.8-2.4% range, a survey from Russell Investments showed on Tuesday.<\/p>

FILE PHOTO: U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS\/Dado Ruvic\/Illustration<\/figcaption>

Benchmark 10-year U.S. Treasury yields have risen over 70 basis points this year as investors bet on a strong economic recovery that will boost inflation. The U.S. Federal Reserve now targets an \u201caverage\u201d of 2% inflation, instead of a fixed 2% goal, giving it more flexibility.<\/p>\n

According to the Russell survey conducted in February, 76% of respondents expect U.S. inflation to hover between the Federal Reserve\u2019s target rate of 1.8-2.4%. Just 10% see a deflationary environment ahead, versus 21% in the previous quarter\u2019s survey.<\/p>\n

Of the 50 bond and currency managers that responded to Russell\u2019s first-quarter survey, 57% expected the global economy to recover to pre-pandemic levels in 2022.<\/p>\n

Bond and currency managers expected investment grade assets will offer the most attractive risk-adjusted returns in the next 12 months, favouring high-yield assets and emerging market local and hard currency debt.<\/p>\n

The survey revealed a preference among money managers for the Brazilian real as the most attractive emerging market currency in the next 12 months. Almost 89% expected a positive performance from emerging market currencies.<\/p>\n

The real has lost around 6% so far this year against the dollar, underperforming broader emerging currencies though they too are down 0.7% year-to-date.<\/p>\n

Russell said 71% of managers expect emerging market FX implied volatility to rise in the next 12 months compared to 57% who predicted higher implied volatility for major currencies.<\/p>\n

Investors appear to have become less bullish on the euro, which 61% of managers saw in a $1.21-$1.25 range. Russell\u2019s fourth-quarter 2020 survey showed 73% believed the single currency would trade between $1.21 and $1.30.<\/p>\n

The euro was near $1.19 on Tuesday.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – Fixed income managers expect the U.S. Treasury yield curve to steepen in the next 12 months and many anticipate inflation will remain […]<\/p>\n","protected":false},"author":3,"featured_media":110296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nFunds expect subdued U.S. inflation, strong EM FX - Russell Investments survey - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funds expect subdued U.S. inflation, strong EM FX - Russell Investments survey - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – Fixed income managers expect the U.S. Treasury yield curve to steepen in the next 12 months and many anticipate inflation will remain [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-23T12:08:39+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/03\/cnewsfotor165.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey\/\",\"url\":\"https:\/\/fin2me.com\/markets\/funds-expect-subdued-u-s-inflation-strong-em-fx-russell-investments-survey\/\",\"name\":\"Funds expect subdued U.S. inflation, strong EM FX - 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