Virtus Newfleet Multi-Sector Bond ETF Q4 2025 Commentary

2026-02-20 01:00:00 ET

Fixed Income Market Review

The fourth quarter of 2025 maintained the trend of significant shifts in macroeconomic, geopolitical, fundamental, and supply-demand dynamics seen in the third quarter. Markets continued to rebound from post-“Liberation Day” lows as legal challenges, implementation delays, and immediate economic impacts remained muted. While tariffs and other policy outcomes are still pending, we should see some resolution from the Supreme Court in the coming months. However, financial markets remained confident in a solid economy, rangebound inflation, and early signs of easing geopolitical risks....

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