09 Jan 2024
Fixed income
Global fixed income outlook 2024: opportunity knocking
The world appears to have moved beyond the height of interest rate hikes, inflation and economic acceleration.
However, the repercussions of a higher-for-longer interest rate environment will be felt for some time. Economic growth looks set to remain flat in the U.S., Europe and Asia Pacific for the next couple of quarters alongside expectations of a mild recession.
Nevertheless, we remain encouraged by market conditions and believe that opportunities are presenting themselves across fixed income sectors. Nuveen’s global fixed income outlook provides insights and expectations for the year ahead in:
- Taxable municipal bonds
- Emerging market debt
- Non-U.S. developed markets bonds
- Investment grade credit
- Senior loans
- Collateralized loan obligations
- Broadly syndicated loans
- U.S. high yield corporates
- Securitized credit
- Preferred securities
- Impact bonds
To read our thoughts for macro themes and fixed income in 2024, download the full outlook now.
Related articles
Weekly commentary
Treasury yields decline on easing trade tensions
Spreads tightened across fixed income markets as sentiment improved.
Investment outlook
2024 4Q outlook: The race against recession: Was the Fed too slow out of the gate?
The Fed’s 50 basis points September cut certainly pleased financial markets, but we remain concerned that the Fed’s decision to turn the corner may be “too little, too late” to avert a recession.
Investment outlook
The Fed holds the line, watching for policy signals
Officials seek greater clarity on inflation, labor markets and growth.