Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Equities are grinding higher today with a new all-time high in the S&P 500 in sight. The real action continues in gold which dipped below 2,000 earlier as real yields continue to climb a bit and traders book profits following the three-week surge. Oil continues to be range bound ahead of monthly oil market reports. Vestas' Q2 earnings this morning showing strong revenue generation and FY20 revenue guidance significantly above market expectations.
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