Markets continue to quake at the prospect of geopolitical tensions and tariffs stoking inflation and hobbling growth, while government bond yields remain in flux. The sharp swings in rates, driven by uncertainty over the Federal Reserve’s (Fed) monetary policy response, are frustrating fixed income investors searching for stable returns.
While we do not at present foresee a big credit event, there is some slow and steady pain on the horizon for investors unwilling to put in the work to assess company fundamentals.
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