HSBC said in its Q3 2026 Global Investment Outlook it favors investment-grade bonds for coupon income, supplemented by EM local-currency debt. Gold remains an effective hedge and diversifier, and infrastructure offers stable cash flows. With the glob

2026-06-04

HSBC said in its Q3 2026 Global Investment Outlook it favors investment-grade bonds for coupon income, supplemented by EM local-currency debt. Gold remains an effective hedge and diversifier, and infrastructure offers stable cash flows. With the global central-bank easing cycle near its end, HSBC advises bond strategies that prioritize coupons over capital gains, employ duration management and favor high-quality issues. The bank maintains an overweight on the energy sector, citing attractive valuations, cash flow and dividends amid high oil prices and the sector’s role in hedging oil-price volatility.