Our Market Optics chartbook contains data-driven insights that power our portfolio management teams’ views, ideas, and decisions. Each week, we’ll take a look a closer look at one of the charts.

This week’s topic: Fixed income: Global yield curves


That escalated quickly

  • Aggressive action by central banks around the world has pinned the front end of most yield curves.
  • Yield curves flattened in 2020 as investors bid up intermediate and longer-term debt in “safe-haven” trades and to try to capture higher levels of yield.
  • The long end of yield curves have adjusted quite a bit to an improved economic outlook and expectations of higher inflation.

All investing involves risks, including the possible loss of principal. There can be no assurance that any investment strategy will be successful. Investments fluctuate with changes in market and economic conditions and in different environments due to numerous factors, some of which may be unpredictable. Each asset class has its own risk and return characteristics.

 

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