Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we look with a jaundiced eye on the market reaction Friday to what could arguably be dubbed "Goldilocks" nonfarm payrolls data, which came in sufficiently strong to suggest robust jobs growth, but slightly weaker than headline expectations, and thus less likely to bring forward a Fed tapering message, etc... Also on the call, a look into commodity performance, the enormous capital destruction in oil companies, the nervous wait for the June 16 FOMC meeting and more. On today's pod were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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