Investment Grade Quarterly Update – January 2024

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After a tumultuous year for fixed income, government bond markets were finally delivering a story of falling inflation in Q4 2023. 

In our Investment Grade quarterly update, Gordon Shannon reflects on Q4, and in particular the month of December which proved to be one of the strongest months of the year, as hopes of multiple rate cuts in 2024 were accelerated. 

Gordon discusses the market’s current expectations of monetary policy easing and interest rate cuts from the Fed, ECB and BoE. However, warns that geopolitical risks, the uncertainty of the US economy, and the UK and Europe’s flirting with recession remain headwinds. 

 

 

 

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