ABOUT THIS EPISODE
Looking ahead from the Jackson Hole Symposium, the rate trajectory is the most important question for the remaining months of 2026, says Christian Nolting, Private Bank's Global CIO. "Because we see energy prices still elevated which is unlikely to change substantially and that causes some reaction function for the central banks to fight inflation,” Christian says. “Most central banks are starting to hike, though not massively. That has implications for a lot of governments looking at the longer end of the yield curve, and that longer end is very very important and could cause some market volatility.”
Christian says investors must deal with this environment of higher rates for longer and not wait for yields to come down, but he believes this will bring opportunities, for example in investment grade bonds.
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