In this discussion, Blake Gwinn, Head of US Rates Strategy at RBC Capital Markets, and Peter Schaffrik, Head of UK/European Rates & Economics at RBC Capital Markets, dive into pressing economic shifts. They tackle the lingering uncertainties of tariffs and their influence on markets in the U.S., Canada, and Europe. The duo also examines the implications of the recent German elections on fiscal policy and coalition dynamics. With bond market weakness under scrutiny, they ponder the future of asset swaps and the regulatory landscape.

Peter Schaffrik, Chief European Macro Strategist at RBC Capital Markets, breaks down Europe's economic landscape as it gears up for 2025. He discusses how recession seems avoidable yet growth remains elusive amid political instability. Schaffrik highlights the evolving role of central banks in a shifting interest rate environment and the complexities of fiscal policies impacting trade. He also examines opportunities for investors navigating uncertainties, including inflation and geopolitical tensions.

Blake Gwinn, Head of US Rates Strategy at RBC Capital Markets, and Peter Schaffrik, Head of UK/European Rates & Economics, share insights on the evolving macroeconomic landscape. They discuss the high bond yields amidst central bank rate cuts and forecast how the U.S. economy's resilience will shape global fixed income markets in 2025. Key topics include the challenges in Canada's economy due to political shifts, the stagnant euro area's struggles, and Australia's anticipated consumer recovery fueled by fiscal changes.