Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Chief Investment Strategist
Summary: Heavy central bank week ahead with Fed, ECB, Bank of England and SNB scheduled to announce policy decisions. A hold is baked in for all, and commentaries, relative rather than absolute, will matter more for FX markets. USD could gain if soft-landing hopes are retained, and ECB is relatively more dovish. Yen also in focus as BOJ pivot bets could continue.