Fixed-Income Outlook

Key takeaways

  • We remain constructive on U.S. growth and labor market strength, and we believe the Fed may begin raising rates sooner than the market expects, possibly in September of this year.

  • We do not think the magnitude of the dollar's rise is sustainable, but find conditions for active currency strategies to be attractive.

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

Download: Fixed Income Outlook (PDF)

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