Fixed Income Outlook  |  Q4 2023

Sector views

  Current quarter
  Previous quarter
    Change from previous quarter
Negative Slightly negative Neutral Slightly positive Positive
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 strategy

U.S. dollar versus
Favor other Neutral Favor dollar
  Euro
  Pound
  Yen

334942 11/23

Card image cap

Sticky inflation and Treasury supply likely to push yields higher

November 1, 2023  |  Fixed Income Outlook

Stay informed on fixed income markets in the fourth quarter. Get timely updates on currency, credit, and the yield curve.

More »