Signals & Shields: Fixed Income Strategies for a World in Flux
As we enter the second quarter of 2026, geopolitical conditions have shifted meaningfully since our last quarterly review.
Fixed Income Market Year in Review and 2026 Outlook
In the wake of a particularly robust year for fixed income returns across sectors—with notably little differentiation between them—it is instructive to examine return patterns over the prior decade.
Spreads Say ‘Go’—The Economy Says ‘No’
As we enter the home stretch of 2025, we are struck by the current state of valuations in the fixed income markets. We are particularly struck by the divergence between broad market valuations and the growing weakness in various economic sectors.
U.S. Fixed Income: Q2 2025 Update
Despite the relative calm in markets, Q2 2025 was undeniably a roller coaster. The quarter opened with volatility fueled by “Liberation Day” tariffs and closed on a more composed financial note—though uncertainty around international trade policy remains unresolved.
There’s a Pony in Here Somewhere: Q1 2025 Fixed Income Update
As we enter the second quarter of 2025, there is much to consider for fixed income markets and the broader economy.