Fixed-Income Outlook

Key takeaways

  • The economic deceleration in emerging markets is unlikely to derail global growth.

  • The Fed may begin raising rates sooner than the market currently expects.

  • A Fed rate-raising campaign may be muted given U.S.- dollar strength.

  • We favor prepayment, credit, and liquidity risks over interest-rate risk.

Q4 2015 Fixed-Income Outlook

Download (PDF)


Bill Kohli, Co-Head of Fixed Income, discusses risk management and reduced liquidity.

  • Strategy
  • Market themes
  • Sector views