Fixed Income Perspectives — January 2024
January 11, 2024 — This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Key Themes
- Volatility Reversal — Expect risk assets/spread volatility to rise as sentiment is too dependent on a scenario where we achieve a soft landing with 5-6 rate cuts this year.
- Income-Focused Market — As the FOMC focuses on the growth side of the dual mandate, fixed income should serve as a diversification tool, and correlations will shift to more “normal” relationships.
- Lean Toward Quality — Attractive yields but tight spreads suggest that it doesn’t pay to give up quality for minimal yield pickup.
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Municipal Fixed Income
Municipal Fixed Income Perspectives — January 2024
January 11, 2024 -- This presentation provides an overview of our market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
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The Market Environment for Short-Term Investors
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Goldilocks and the Five Rate Cuts
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