Insights

Current bond market conditions offer investors a chance to reassess the strategic role of investment grade fixed income in their portfolios.

Artificial intelligence is reshaping capital investment, corporate balance sheets, energy and water demand, labor, and supply chains, while raising questions around governance, privacy, human rights, and the distribution of economic benefits.

August market activity reflected resilient economic growth, inflation that remained above the Federal Reserve's target, and heightened expectations for tighter monetary policy.

Treasury yields rose across the curve in July, with the 10-year Treasury reaching a year-to-date high and the 30-year yield surpassing 5.20 percent for the first time since 2007.

Treasury yields moved higher at the front end in June, reflecting expectations that the Federal Reserve may hike rates in 2H2026.

We believe that periods of higher bond market volatility demonstrate the need for proactive tax loss harvesting and tax-loss crossing in bond portfolios throughout the year, rather than waiting until tax-season or year-end.

Treasury yields moved modestly higher in April, as markets responded to resilient economic data, elevated inflation readings, and higher energy prices.

The U.S. Treasury curve shifted higher across the maturity spectrum with yields rising approximately 40bps in the 2- through 10-year range and 30bps on the long end. The move reflected persistent inflation pressures and a shift in market sentiment regarding the likelihood of a Federal Reserve cut in 2026.