Corporate earnings growth, economic numbers and improving Covid figures are all contributing to the calm positive vibe as markets bask in the summer sun. This feeling is not surprising according to NN IP’s Head of Multi Asset, Ewout van Schaick. Covid restrictions are being relaxed, life is returning to normal, spirits are rising. In this week’s podcast, Senior Investment Strategist Fouad Mehadi joins Ewout to reflect on some less expected developments: the recent flattening of Treasury market yields in both the US and Europe, despite the persistence of inflationary factors. Fouad explains why he is happy to maintain his duration underweight, why he currently favours high yield, and why it is important to look beyond the summer to what a chillier autumn might bring.