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Beware remaining market headwinds: UBP

Despite an encouraging recovery in both equity and fixed income markets, UBP is cautioning investors to be mindful of remaining market headwinds. “In the near term, illiquidity risk remains a concern despite the active intervention of the US Federal Reserve since October,” the Swiss private bank said. “The Fed’s overnight repo operations still require injections of between US$50-100 billion per…

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