Markets · Asset allocations

‘Fixed income portfolios now require a tactical approach’

The ECB in Frankfurt opened an Andy Warhol exhibition this month. Photo: ECB.

Fixed income portfolios are likely to face a more complex and volatile environment, as the rate cycle's turning point varies across different central banks. Market consensus suggests that while easing may begin, it will not be as rapid or deep as previously anticipated, leading to greater dispersion of returns across sovereign bond markets.

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