Government bond yields rebounded due to heavy new issuance and various central bank comments suggesting markets should be less optimistic about monetary easing. Fed governor Christopher Waller also played down the need to cut quickly and sharply, citing the US economy’s strong showing and the risk that a rushed move to ease might have to be followed by the Fed backtracking. We remain fully invested but underweight the dollar. We still prefer fixed income for its yield.
Continue reading this article?
Register for free and get access to Investment Officer International:
- Exclusive for professional investors
- Cancel anytime
- Unlimited access: web, app and newsletters
Registration takes less than 1 minute.
No payment details required
Register for free and get access to Investment Officer Luxembourg:
- Exclusive for professional investors
- Cancel anytime
- Unlimited access: web, app and newsletters
Registration takes less than 1 minute.
No payment details required
