Barclays Capital's Global Asset Allocator team is out with a note outlining
their positioning strategy in FX, equities, bonds, and other markets. The
following are the key points in Barclays' note.
The threat of higher US inflation and yields in H2 calls for a more defensive
portfolio. We go long US 30y breakeven inflation and are positioned for
a back-up in US front-end yields. We are also long USD versus EUR, JPY...
