TD Asset Management’s Post

In line with market expectations, the Federal Reserve held its key rate steady on Wednesday and Hafiz Noordin, Portfolio Manager of Active Fixed Income at TD Asset Management, shares that the meeting comments reflect the Fed's interest in and acknowledgement of financial conditions for perhaps the first time throughout this eighteen month hiking cycle. For more information on the Fed's decision, the bond markets' reactions and the inflation outlook, check out this short video.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

Fed policy rates have likely plateaued, with cuts on the horizon. Extending a portfolio’s duration now may help capture the price appreciation created by future rate declines, whenever they may occur. Active management remains critical, as credit spreads are likely to widen in the coming months. Read more in Nuveen’s fixed income outlook.

May 2024 was a solid month for corporate bond #investors with 90% of dollar bonds ending higher. Both, #InvestmentGrade (IG) bonds and #HighYield dollar bonds performed well as softening data saw the #Treasury curve shift lower. However, while data was softer than expected, it was not enough to convince most Fed speakers who said that they needed more confidence that inflation was indeed slowing towards their target. Markets have since, repriced their expectations of Fed rate cuts in 2024 to just over 25bp. Click on the post below to read more, view #interactivecharts and details like the top gainers and losers, issuance volumes, largest deals. #bonds #bondmarkets #yields #ustreasury #highyieldbonds #investing #portfolio https://lnkd.in/gXndnFhW

Post-FOMC meeting comments by the Fed Chair and policymakers’ updated interest rate projections may shine light on the timing of the Fed’s first rate cut.   Check out the latest insights from the BWE Capital markets team!   #BWE #capitalmarkets #weeklydigest   bwe.com/capitalmarkets