TD analysts said that "the European............>

EGBS: TD analysts said that "the European economies are somewhat out of synch

with the rest of the developed markets. While the euro area is growing strongly,

the starting point is much poorer than in most developed markets and inflation

will remain elusive."

- "The ECB will remain one of the most expansionary central banks globally,"

they said. "The UK, in contrast, is facing its domestic Brexit problems creating

slower growth and higher inflation in its wake. The former should prevent the

BoE reacting to the latter more forcefully than currently priced in. We see bond

yields rising somewhat, but expect European bond markets to outperform the US

and other developed markets in 2018."