Weekly Bottom Line

After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced the first cut to come in September. Retail sales and industrial production data for June came […]

Key Themes for Bonds in the Second Half of 2024

The first half of the year was a challenging environment for a lot of fixed income markets, especially higher-quality markets. With the Federal Reserve (Fed) seemingly unlikely to lower interest rates until after the summer months (at the earliest), the “higher for longer” narrative has kept a lid on any sort of bond market rally. […]