Fixed-Income Outlook

Key takeaways

  • U.S. economic data continue to be robust and should lend further support to domestic asset market fundamentals.
  • The biggest threats to continued U.S. strength are the dollar's rise and a worsening of economic conditions overseas.
  • We favor prepayment risk and liquidity risk, and we expect to downplay energy-related credit and interest-rate risk.
  • Strategy
  • Market themes
  • Sector views