But banking issues brought to the fore this week are discomforting.
Weekly Bond Commentary
Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.
And that's creating challenges for fixed-income positioning.
It seems the Federal Reserve hikes in 2022 have not been fully priced into the economy.
An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.
The economy continues to flash contradictory signs about how it is responding to the Fed’s tightening campaign.
Persistent inflation and the Fed’s efforts to fight it will lead to a mild recession, but investors can find opportunities across equity, fixed income and cash.
Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.
2022 was all about rates; this year is more nuanced.
Three things to watch in 2023.
The Fed pushes back against market expectations.
Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession.
Municipal securities have much to offer if the economy slows.
Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.
Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.
As they bide their time, investors should focus on strengthening portfolios.
With peak yields in sight, better times may be too.
Seeking opportunities amid volatility.
The Fed raises interest rates by 0.75% for the second month in a row.
After years of playing defense, it's time to think offense.
The market’s late shift in expectations gave the Fed the opportunity for a 0.75% hike.
Up, but until there is more clarity, maybe not much.
More rate hikes would favor cash, floating-rate securities and value stocks.
The Fed's abundant messaging has the market doing its work for it.
Bonds wrestle with pricing Fed, war and inflation outcomes.