HSBC: Prefers investment-grade bonds for coupon income; gold remains an effective hedge and risk diversification tool

```htmlGolden Ten Data reported on June 4 that HSBC's Q3 2026 Global Investment Outlook indicates a preference for investment-grade bonds to obtain coupon income, supplemented by emerging market local currency bonds. Gold remains an effective tool for hedging and risk diversification. Additionally, infrastructure investment can offer stable cash flow. The institution believes that as the global central bank rate cut cycle nears its end, bond investments should focus on coupon income rather than capital gains, and potential returns can be obtained by managing duration and favoring high-quality bonds. HSBC maintains a bullish view on the energy sector. Amid high oil prices, the valuation, cash flow, and dividends of energy stocks are attractive, and they can also hedge oil price volatility risks.```