January 27, 2015 - Key Takeaways

Recent central bank action has reinforced the “lower for longer” interest rate theme in global bond markets.

This week’s Fed meeting may temper marketfriendly central bank trends, but seems unlikely to alter the current environment.

Higher-yielding sectors, such as high-yield bonds and emerging markets debt, may benefit from the ECB’s bold purchase plan, while high-quality bond yields will potentially remain in a lower range for longer.

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