Fixed-Income Outlook

Key takeaways

  • The U.S. economy has put first-quarter weakness behind it, while European and Japanese data continue to improve slowly.

  • Risks around Greece have diminished, while China and other emerging markets exhibit high levels of political and economic risk.

  • We continue to prefer prepayment, credit, and liquidity risks to interest-rate risk across fixed-income portfolios.

Download: Fixed Income Outlook (PDF)

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