Fixed Income

The central bank is on a course that delivers low volatility and contains disruptions to the markets.

Fixed-income inflows can’t keep pace with stock appreciation.

Western Asset Management's CIO on why bond indexes give active managers an edge, "stubbornly" low inflation and his counterintuitive jump into emerging markets at the dawn of the Trump presidency.

Investors also continued to favor global funds in the week ending July 19.

Asia Pacific bonds funds continued to bleed money for the 22nd week of the year.

Postelection zeal is flagging.

Investors should beware a rise in bond yields, a downturn in economic data or a policy misstep in a large emerging market.

Investors should guard against complacency.

Unlike emerging-market mutual funds, ETFs don’t have the option of holding cash, so if they get outflows, they have to sell the underlying bonds in the index they track.

In the week just passed, the bond market continued its bullish recovery, though with far less of the fundamental impetus that followed the prior week’s litany of economic disappointments.