The Macro Chart Book: July 2018

Inflation-linked bonds are looking attractive, while a flattening US yield curve points to slow growth

In this edition of chart book, we make a case for buying inflation-linked bonds, as real yields are looking attractive. Local inflation is heading higher slowly, while the US is expected to continue hiking rates, thereby flattening the yield curve. This should mean slower growth in the future. On the credit side, Imperial announced that it will be redeeming all its outstanding bonds.