Fixed Income Perspectives — March 2021
March 10, 2021 — We are still in the early expansion phase of the recovery, and as Covid-19 cases continue to decline and the global economy reopens, there will be a renewed boost in consumption. Markets, however, have started to price in the risk of the Fed hiking rates sooner than expected in response to an overheating economy. This has caused volatility in risk assets and interest rates. We believe the repricing is mostly done, and a further shock higher in rates would be the result of additional fiscal spending or rapidly rising inflation.
The Race for 5G Leaves U.S. Telecom Companies Scrambling for Funding
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A Climate Black Swan – The Lessons Learned from Uri
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3 Reasons to Own Bonds
This 90-second video explains three reasons to hold bonds in a portfolio: income, capital preservation, and diversification.