U.S. Outlook: Fixed income markets on the move
We are seeing a dramatic sell-off in global fixed income markets.
Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on June 5.Key observations:
- The epicenter of the bond market sell-off has originated in Europe.
- The deflation scare around plunging oil and commodity prices is unwinding.
- Fear of a Greek exit from the Eurozone is also being unwound, despite continued political brinkmanship.
- The Fed is about as close as it can get to raising short-term interest rates for the first time in more than nine years.