2022 was challenging for fixed income markets due to extreme policy and economic uncertainty. While uncertainty remains, global central banks are near the end of tightening cycles as inflation decelerates. Severely inverted North American yield curves reflect an ominous signal.
Will recent economic resiliency persist or is it the last dance?
Join us as we welcome Jason Carvalho, CFA to evaluate the risk and opportunities.
· Inflation perspective: cyclical vs structural
· Credit valuations reflect a slowdown, but are vulnerable to shocks
· Credit ‘cushion’ provides a return buffer
· High quality credit is attractive late cycle, but outcomes can be improved through active selection.