Fixed Income

What really matters to the bond market isn’t so much what the Fed is doing, but what the policy changes mean for the U.S. economy.

The strong demand for debt issued by non-democratic governments partly reflects the market’s hunger for better returns and its hunt for stability.

The Fed's switch to quantitative tightening could spell "trouble."

Asset prices have decoupled from fundamentals, giving investors a smooth ride—so far. But there is a difference between the investment journey and the destination, and investors are right to be concerned about what happens when fundamentals start...

Indicators signal some weaknesses.

Money continued to pour into Emerging, U.S. and Global funds

The changing outlook shows how pessimistic the bond market has become as hopes for reflation have faded and the Trump administration fails to deliver on its fiscal-stimulus promises.

Immediate stories that capture what’s actually motivating moves in Treasury yields.

A dose of caution is warranted

Bank of America Merrill Lynch investment strategists were "down to one" strategy in global credit: long U.S. investment grade.