Market Comment | Search for yield strategies faded this week

US economy grew less than expected in the second quarter (1.2% SAAR, BBVA 2.5% SAAR, consensus 2.6% SAAR, previous 0.8% SAAR revised from 1.1% SAAR). Private investment dropped 3.2%, fixed investment subtracted 0.52 pp from growth and inventories took another 1.16 pp off, while consumption rose slightly less than expected (4.2%, consensus 4.4%). Very timid […]

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