Catching the inflection point in bond markets

Fixed income markets were volatile for most of last year over stickier-than-expected inflation and a historic tightening of monetary policy from central banks. But in recent months, we have seen a clear shift in direction, with inflation drifting lower and central banks signalling they may be at the end of their hiking cycle. With these two significant drivers of negative returns abating, we believe the outlook for high quality corporate bonds looks markedly brighter for 2024...