EFTA Document EFTA01458282

1 September 2015 Corporate Credit: Back to school - The edge of normality we think that Central Banks are likely to continue to provide support to the global economy we don't think we are on the cusp of a default cycle. A potential risk to long-end performance could come from higher government bond yields. However given our view of the world our base case would be that yields remain fairly low and range bound for an extended period, which should benefit longer-dated bonds in the current e