Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we look at building tensions as US equities trade sideways at elevated levels for the cycle while US treasury yields rose once again to new highs since the March banking system turmoil. We wonder whether equity market investors are complacent on the risks of a liquidity pinch once the US debt ceiling issue is (presumably) resolved. We also take a look at Japanese and even Greek equities, two star-performing markets this year, the reaction to Zoom's earnings report, the upcoming RBNZ meeting, crude oil and gold and positioning and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
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