Despite tight spreads, there are compelling reasons to invest in US investment grade credit. 1) Strong fundamentals and positive technical indicators 2) Anticipated Federal Reserve rate cut 3) Yields are at their highest levels over the past two decades.
In this week’s Bond Bulletin, we consider how US investment grade credit might perform given the increasing likelihood of an interest rate cut from the Federal Reserve in September. Read now: http://spr.ly/6042cZXlu
International Chief Investment Officer - Global Fixed Income at J.P. Morgan Asset Management
Spreads might appear tight. But with strong fundamentals, positive technicals, a Federal Reseve about to start cutting rates and yields still high relative to the past couple of decades, the rationale for owning US investment grade credit remains.
In this week’s Bond Bulletin, we consider how US investment grade credit might perform given the increasing likelihood of an interest rate cut from the Federal Reserve in September. Read now: http://spr.ly/6042cZXlu
With the Federal Reserve signaling several rate cuts this year, bullishness for US investment-grade bonds hovers near an all-time high. Learn more about senior investment professionals’ concerns and expectations for the economy and markets in this quarterly survey. https://on.pru/3Huzgmo
With the Federal Reserve signaling several rate cuts this year, bullishness for US investment-grade bonds hovers near an all-time high. Learn more about senior investment professionals’ concerns and expectations for the economy and markets in this quarterly survey. https://on.pru/3Huzgmo
Certainly an interesting “ride” in the bond markets this year. This graph presents the volatility quite nicely.
President @ Queens' College, Cambridge | Finance, Economics Expert
Hard to believe but the yield on the 10-year US government bond, a global benchmark, is back at the same level that it started 2023! This at a time when the consensus expectations for US growth is very different than a year ago; and there is greater sensitivity to bond issuance dynamic. Yet another illustration of the power of market expectations for Federal Reserve policy. #economy #markets #federalreserve
After a year of adjustments, market conditions circled back to a similar economic sentiment as at the beginning of the year, despite interim fluctuations. Which aligns with the idea that while markets are efficient in aggregating information, they are also prone to emotional swings and reflects the complex interplay of market forces and economic policy.
President @ Queens' College, Cambridge | Finance, Economics Expert
Hard to believe but the yield on the 10-year US government bond, a global benchmark, is back at the same level that it started 2023! This at a time when the consensus expectations for US growth is very different than a year ago; and there is greater sensitivity to bond issuance dynamic. Yet another illustration of the power of market expectations for Federal Reserve policy. #economy #markets #federalreserve
With the Federal Reserve signaling several rate cuts this year, bullishness for US investment-grade bonds hovers near an all-time high. Learn more about senior investment professionals’ concerns and expectations for the economy and markets in this quarterly survey. https://on.pru/3Huzgmo
With the Federal Reserve signaling several rate cuts this year, bullishness for US investment-grade bonds hovers near an all-time high. Learn more about senior investment professionals’ concerns and expectations for the economy and markets in this quarterly survey. https://on.pru/3Huzgmo
President @ Queens' College, Cambridge | Finance, Economics Expert
Hard to believe but the yield on the 10-year US government bond, a global benchmark, is back at the same level that it started 2023! This at a time when the consensus expectations for US growth is very different than a year ago; and there is greater sensitivity to bond issuance dynamic. Yet another illustration of the power of market expectations for Federal Reserve policy. #economy #markets #federalreserve
Once again, the Federal Reserve seems to have embraced a “higher for longer” position on interest rates. If you’re like many investors, you may be asking, “Why should I even own bonds right now?” We don’t recommend trying to time interest rate movements—read this article to understand why and learn about our “barbell approach” to bonds.