- With interest rates at historical lows, investors will be tasked with looking for income without moving too far out in duration or, perhaps more importantly, sacrificing credit quality.
- While we expect the Fed to keep rates at or near zero, intermediate to longer-dated Treasury yields could still grind higher, with the yield curve steepening due to unprecedented monetary and fiscal stimulus.
- With the global economic setting expected to improve after Q1 2021, accommodative central bank policies in both the developed and emerging market worlds and the potential for a softer U.S. dollar setting, we anticipate a favorable setting for local currency sovereign emerging market debt.
For further details see:
3 For '21: Key Fixed Income Themes For The New Year