Corporate Bonds
Investors have taken comfort in the fact that unemployment has remained low in the major economies. But underneath the surface, there are clear signs that labor demand is weakening. The clock keeps ticking towards our H2 2024 recession call. After being bullish on risk assets last year, we are slowly turning more defensive.
Our Portfolio Allocation Summary for January 2024.
The market is excited by the idea that the Fed will cut rates early this year, even without a recession. But is that likely, with inflation still set to be around 2.8% mid-year?
In this, our final report of the year, we present our main global fixed income investment themes and recommendations for 2024.
Our US fixed income team’s key investment views for 2024.
Our Portfolio Allocation Summary for December 2023.
The recent uptick in European economic data will not last beyond the next six months. How will European corporate credit perform in this context?