1328 GMT - Higher yields have boosted returns in many bond portfolios year to date, helping investors weather economic uncertainties that continue to unfold around the world, Allspring's fixed income team says in its mid-year outlook. Inflation remains high in both Europe and the U.K., and core inflation in the U.S. remains sticky, it says, adding that this is keeping central banks in inflation-fighting mode. "However, an inflection point may have been reached in the first half of 2023, when central banks had to begin dealing with challenges beyond fighting inflation as global growth slowed and cracks appeared in the financial system," it says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
June 29, 2023 09:28 ET (13:28 GMT)
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