Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we continue to outline our laundry list of concerns as the energy crunch continues its vice grip and as bonds are providing zero offsetting returns when equities come under pressure, and yet the VIX forward curve suggests ongoing complacency. We also look at yields and yield curves, which continue to suggest that markets don't believe central banks are at risk of making a policy mistake. In FX, we zoom in on the sterling outlook, while earnings season is heating up in the US, with an interesting company Fastenal reporting today. Today's pod features Althea Spinozzi on fixed income, Peter Garnry on equities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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