Market Views - Fixed Income

Our experienced investment professionals have managed fixed income portfolios for more than 40 years. Choose an article to read our views on the economy and today’s bond markets.

In Short: Trade shifts shouldn't diminish opportunity in EM bonds 
Feb. 13, 2017 :: Ihab Salib
Many emerging-market countries stand to benefit from potential Trump administration policies.
Q&A: On the MOVE—what does this bond volatility index tell us? 
Feb. 7, 2017 :: Chengjun (Chris) Wu
A closer look at a lesser-known, but helpful gauge of uncertainty about rates.
Fed Watch: Next stop, Congress 
Feb. 1, 2017 :: Donald Ellenberger
As expected, the Fed left rates unchanged at its latest policy-setting meeting.
Fixed Income Outlook: The more things change, the more they stay the same 
Jan. 13, 2017 :: Robert Ostrowski
Corporate credit still favored but with rates likely to rise, duration and yield-curve positioning will be key.
2017 Outlook: Solid tailwinds for high yield 
Dec. 16, 2016 :: Mark Durbiano
It may be difficult to replicate 2016's performance but a lot of macro factors are likely to remain supportive for high-yield bonds in 2017.
Fed Watch: 1 hike now + 3 in 2017 = optimism 
Dec. 14, 2016 :: Donald Ellenberger
The Fed delivers on a 25 basis point hike, and shows confidence in growth for 2017 by signaling three more.
3 Questions: Federated Bond Fund 
Dec. 7, 2016 :: Brian Ruffner
A growing economy and potential policy changes under Trump should support a continuing constructive environment for corporate bonds.
Market Memo: When it comes to yields, the times they are a changing 
Nov. 17, 2016 :: William Ehling
Expectations for a big stimulus punch on top of budding signs of inflation have yields moving higher.
Muni Watch: Post-election, what's next? 
Nov. 16, 2016 :: R.J. Gallo
Like the broader bond market, municipal bonds have sold off somewhat post-election but year-to-date performance remains positive.
Election Special: Jitters, stabilization and then? 
Nov. 9, 2016 :: Robert Ostrowski
As Trump's win settles in, the question is whether he'll stick to trade and tax-cut policies he promoted. If so, expect higher rates and a steeper yield curve.
FedWatch: Tune in next meeting 
Nov. 2, 2016 :: R.J. Gallo
With today's FOMC statement essentially a repeat of September's, the stage is set for a December hike.
Fixed Income Outlook: Still a credit story, just less so 
Oct. 7, 2016 :: Robert Ostrowski
Corporate and mortgage-backed securities remain overweight but are inching closer to neutral in our allocation models.
Election Watch: Who's going to win? The peso might tell you 
Sept. 30, 2016 :: John Sidawi
Currencies can be an indicator of major political events.
FedWatch: A 'hawkish hold' for rates 
Sept. 21, 2016 :: Donald Ellenberger
The Fed didn't raise rates today, likely pushing a hike to December, just like last year.
FedWatch: Hints may be all we get 
Sept. 16, 2016 :: Donald Ellenberger
While a hike is unlikely in the upcoming FOMC meeting, Fedspeak might suggest one could come in December.
Q&A: Does the troubled pension plan environment hold opportunity? 
Aug. 19, 2016 :: R.J. Gallo
It is important to consider pension plans on a state-by-state basis.
FedWatch: Getting warmer 
Jul. 27, 2016 :: R.J. Gallo
Today’s statement remained consistent with a Fed looking for the right time to hike.
Q&A: A global bond perspective on a volatile second quarter 
Jul. 18, 2016 :: John Sidawi
Brexit doesn't imply financial gloom, and won't likely overwhelm global capital markets.
Fixed Income Outlook: Unsteady as she goes 
Jul. 15, 2016 :: Robert Ostrowski
The combination of moderate growth, global uncertainties and unprecedented monetary policies continue to work to the benefit of credit.
In Short: Brexit highlights value of fixed-income allocations 
Jul. 1, 2016 :: Robert Ostrowski
Uncertainty can be a bond investor's friend.
FedWatch: Higher bar for raising rates 
Jun. 8, 2016 :: Donald T Ellenberger
Poor jobs report will likely keep rates unchanged at upcoming FOMC meeting.
In Short: Global developed bonds in wait-and-see mode 
Jun. 6, 2016 :: John Sidawi
Don't expect much change until after the upcoming Brexit vote and the FOMC meeting.
In Short: Muni bonds in a sweet spot 
May 19, 2016 :: R.J. Gallo
In a time of elevated volatility in other markets, municipal bonds are relatively well situated.
Q&A: Few positive results so far with negative rates 
May 4, 2016 :: Donald T Ellenberger
The jury is still out on whether negative interest rates actually help economies.
FedWatch: No hike—and no signal for one, either 
Apr. 27, 2016 :: R.J. Gallo
Yellen steers the policy statement in between the differing positions of the members.
FedWatch: Don't even think about it 
Apr. 21, 2016 :: R.J. Gallo
A rate hike at the upcoming FOMC meeting would be a shock.
Market Memo: Why spreads matter 
Apr. 19, 2016 :: Mark E Durbiano
The financial world has plenty of jargon, but 'spreads' are a concept investors should be comfortable with to understand high-yield bonds.
Fixed Income Outlook: The math—and the economy—favor credit 
Apr. 13, 2016 :: Robert J Ostrowski
The rate and economic environment are still constructive for spread products, but not so much for Treasuries.
FedWatch: And then there were two 
Mar. 16, 2016 :: Donald T Ellenberger
The FOMC didn't hike rates but did cut the number of expected hikes in 2016 from four to two.
FedWatch: March meeting could set the stage for future hikes 
Mar. 10, 2016 :: Donald T Ellenberger
A rate hike is very unlikely, but will the Fed hint one is just around the corner?
Market Memo: Default rates in energy don't spell doom 
Feb. 24, 2016 :: Mark E Durbiano
Investors already have paid a price for the likely coming wave of defaults in energy.
Fixed Income Liquidity: The new SEC proposals and Federated 
Oct. 27, 2015 :: Robert J Ostrowski
The subject of bond market liquidity continues to get a lot of attention through press articles and proposed Securities and Exchange Commission (SEC) reforms.

Webcast: Fixed Income Outlook

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