Fixed Income Perspectives — June 2024
June 24, 2024 — This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Key Takeaways
- The Federal Reserve is applying pressure on the brake pedal while fiscal spending has enthusiastically floored the gas.
- Although “the year of the bond” has been delayed, three dynamics are extremely supportive.
- Spreads may be supported by yield-driven demand, but valuations suggest it is not a good time to reach for yield.
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