UBS analysts expect only a modest upside for US and global equities in 2024.

<p>UBS analysts are casting a wary eye across bonds, saying there is likely to be only a modest upside now for both US and global equities. </p><p>They still are happy with higher quality stocks and bonds in 2024, expecting them to record higher than average growth against a backdrop of slowing economic growth.</p><p>From the note, in brief:</p><ul><li>rate of economic growth has been a worry for markets heading into the new year</li><li>“While we expect rates to come down in 2024, supporting both equity and bond markets, the speed of recent gains is likely to moderate,”</li><li>most preferred is fixed income, forecasting 10-yr US Treasury
yield to fall to 3.5% by the end of 2024</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.