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Bond yields are soaring. Markets expect more rate hikes. But the outlook may not be quite that simple. In the latest Monthly Investment Insights, Chief Market Strategist & Economist Guy Miller explores the key forces shaping global markets and what they could mean for investors in the months ahead. - Government bond yields have reached multi-year highs, but valuations are beginning to look stretched. - Markets may be pricing in too many future rate hikes, with central banks likely to remain hawkish but less aggressive than current expectations suggest. - Equities remain the preferred asset class, supported by strong corporate profitability, resilient fundamentals and improving earnings prospects despite ongoing market skepticism. Read the full paper https://www.zurich.com/economics-and-markets/publications/monthly-investment-insights #MarketInsights #MarketOutlook #FinancialMarkets

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