Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Chief Macro Strategist
The indications below for the yields available from shorter term bonds will fluctuate with market conditions and do not include transactions costs, which will depend on the size of the transaction and the liquidity of the bond in question (minimal costs for the most liquid instruments). By the way, in the month of February 2023, the US 2-year treasury yield rose approximately 0.60% and the German 2-year yield rose about 0.45%, to get a sense of how rapidly yields are moving during the recent time frame.
Note: all yields below are snapshots made near March 1 of 2023 and subject to change as the market fluctuates.