Jerome Powell, the FOMC and most investors must be feeling a bit like this after the latest US inflation data:
Fears of an inflation resurgence earlier in the year have been allayed somewhat. Annual inflation edged back down from 3.5% to 3.4% in April, and core inflation (which strips out...
Following the conflict in the Middle East over the weekend, Mutual Limited’s CIO Scott Rundell looks at how markets reacted overnight and the short-term outlook.
Macro themes
The impact of the conflict in Israel over the weekend on markets was somewhat predictable - a rally in government bonds as capital flowed...
Investors need to navigate a fragmented economic outlook and higher volatility risk in 2024.
Global growth will decelerate, driven by slowing developed economies and a mild recession in the US in H1. Growth differential between Emerging and Developed Markets will reach a five year-high.
India will grow faster than...
Janus Henderson Investors Portfolio Manager Jason England and Global Head of Fixed Income Jim Cielinski explain why investors should prepare for "high for longer" rather than positioning bond allocations for an imminent dovish pivot.
The market has framed the last few Federal Reserve (Fed) meetings as "does no increase mean...
By Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, PGIM Fixed Income
As expected, after the strong interest-rate rally in the fourth quarter of last year, the market was due a rest. Indeed, the longer-duration and higher quality segments of the bond market registered negative returns in...
FIIG Securities recently published its 2024 Macro Strategy Outlook. Here we republish its Lock Investment Strategy designed to maximise medium term profits while minimising risk. The article suggests 12 bonds that fit to help meet its strategy.
The LOCK strategy involves positioning your portfolio to capitalise on the higher yields...
Five bond strategies to help investors navigate evolving markets. From T. Rowe Price.
KEY INSIGHTS
The pain of 2022 has reset bond yields to meaningfully higher levels that offer investors higher potential income and a margin of safety.
With diverse sectors, fixed income markets offer solutions that can potentially help...
From asset manager Wellington Management
The nature of economic cycles is changing. Domestic output gaps are expected to be far more important in determining inflation in a particular economy than has been seen over the past 20 years of globalisation. Markets and central banks will take time to adjust, but...
From Donald Ellenberger, Senior Portfolio Manager and Head of Yield Curve Committee at Federated Hermes
This month’s slightly cooler U.S. inflation report likely won’t give the Federal Reserve enough confidence to cut interest rates soon, but should it postpone the duration extension trade for fixed-income investors? The futures market now...
