Strategic Bond Update
WEBCAST: Strategic Bond Quarterly update
Jul 14, 2023
43 minute watch
43 minute watch
Key takeaways:
- Bond yields test patience and resolve as we approach terminal rates culminating in classic false breakouts in UK & Australian 10 year yields
- The growth environment remains supportive for bonds and no impediment to yields falling
- Core inflation was the proximate cause for this bond bear and the outlook on the inflation front is improving rapidly
- The UK remains the one outlier but it is priced as such and there may be more benign explanations than a persistent inflation problem
- Generically, credit spreads look tight relative to the macro environment . Pockets of opportunity can be found in short dated investment grade yield and AAA agency mortgage securities in the US
If you were able to attend, we hope you found it informative. In case you missed it, or would like to review anything, be sure to check out the replay.
Jul 14, 2023
43 minute watch
43 minute watch
Key takeaways:
- Bond yields test patience and resolve as we approach terminal rates culminating in classic false breakouts in UK & Australian 10 year yields
- The growth environment remains supportive for bonds and no impediment to yields falling
- Core inflation was the proximate cause for this bond bear and the outlook on the inflation front is improving rapidly
- The UK remains the one outlier but it is priced as such and there may be more benign explanations than a persistent inflation problem
- Generically, credit spreads look tight relative to the macro environment . Pockets of opportunity can be found in short dated investment grade yield and AAA agency mortgage securities in the US