Lloyd Harris, Head of Fixed Income, explores the macro forces shaping global bond markets. Highlighting sticky inflation in the US, labour driven inflation pressures in the UK, and Europe’s rising fiscal stimulus from military and infrastructure spending. He also shares how the Premier Miton Fixed Income funds are positioned in terms of duration, and how they actively exploit mispricing in liquid markets. By targeting frequent, marginal gains through disciplined management, they look to deliver consistent performance for investors over time.