Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we look at US equity markets managing a bounce just after tipping over the edge of local supports, and then a strong follow-on session in Asia. We also look at the weak 7-year US Treasury auction, even if it was sufficiently firm to avoid significant tremors. In FX, worth noting that the negative yielders, especially CHF, are under significant further pressure here, even without US treasury yields punching to new highs. On today's call were Althea Spinozzi on fixed income, Peter Garnry on equities, 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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