Fixed Income Outlook | Q4 2021
Sector views
|
Current quarter Previous quarter Change from previous quarter |
Underweight | Small underweight | Neutral | Small overweight | Overweight |
|---|---|---|---|---|---|
| U.S. government and agency debt | |||||
| U.S. tax exempt | |||||
| Tax-exempt high yield | |||||
| Agency mortgage-backed securities | |||||
| Collateralized mortgage obligations | |||||
| Non-agency residential mortgage-backed securities | |||||
| Commercial mortgage-backed securities | |||||
| U.S. floating-rate bank loans | |||||
| U.S. investment-grade corporates | |||||
| Global high yield | |||||
| Emerging markets | |||||
| U.K. government | |||||
| Core Europe government | |||||
| Peripheral Europe government | |||||
| Japan government |
Currency strategyU.S. dollar versus |
Favor other | Neutral | Favor dollar |
|---|---|---|---|
| Euro | |||
| Pound | |||
| Yen |
Bond markets navigate crosscurrents of rates and inflation
October 29, 2021 | Fixed Income Outlook
Fixed-income markets faced multiple risks, including the Fed's plan to unwind debt purchases, the shifting growth outlook, and Covid-19. But, we believe the environment for bonds remains supportive.
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