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.

3 Questions: Federated Total Return Bond Fund 
Feb. 21, 2017 :: Donald Ellenberger
The goal of this "old school" fixed-income strategy is to beat the Aggregate Bond Index without taking more risk than it.
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?
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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