Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Chief Macro Strategist
Summary: Markets have just seen Washington and then Beijing deploy the largest round of tariffs yet in their ongoing trade scuffle, but risk sentiment remains resilient. One possible factor there could be Beijing's disavowal of using CNY devaluation as a policy plank.