Portfolio Insights: Multi-Sector Bond – April 2026
TwentyFour Asset Management’s Felicity Juckes discusses how geopolitics, inflation and shifting risk sentiment shaped fixed income markets in the first quarter of 2026, and why the focus has remained on high‑quality credit.
Key takeaways
- Geopolitics is expected to remain a central driver for markets, with developments in the Middle East continuing to influence energy prices, inflation expectations and volatility across rates and credit.
- While risk sentiment weakened through March and spreads widened, investor demand for high‑quality issuers and continued support for primary issuance point to confidence in underlying credit fundamentals.
- Looking ahead, attention remains on whether a sustainable deal can be reached in the Middle East, with disruption to energy flows through the Strait of Hormuz likely to keep oil prices elevated and energy markets firmly in focus.
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