The outlook for 2025 suggests a divergent global economic landscape with continued expansion and easing inflation. Central banks, with the exception of the Bank of Japan (BoJ), are expected to implement rate cuts. However, the US election and potential policy shifts introduce uncertainty. While fixed income spreads are tight, they reflect healthy credit fundamentals and…...
Market Overview Summary The fixed income market in early 2025 is characterized by a global economic expansion, easing inflation, and anticipated central bank rate cuts, excluding the Bank of Japan. The U.S. demonstrates resilient growth, while Europe faces vulnerabilities. Fiscal policy is gaining importance alongside monetary policy, especially with potential shifts in U.S. trade, taxes,…...
