We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
David Kelly, the Fed, interest rates
Bill Eigen, CIO of Absolute Return and Opportunistic Fixed Income Investing, explains today’s fixed income markets.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
What investors should consider