“We lean into our research to support a high conviction approach that considers the risks and total return profiles of every investment in order to deliver diversified sources of alpha to our clients.” — Neil J. Moriarty, Team Co-Head
3 MIN VIDEO
JANUARY 6, 2023
Return of the Bond
Neil Moriarty, Co-Head of Global Fixed Income, reflects on 2022 and discusses where the opportunity may lie in 2023, and what they feel the Fed’s “stepping down” on interest rate increases means for the bond market.
2021 proved to be a year of transition in fixed income, starting with the early stages of an economic expansion and easy monetary policy before moving to potential accelerated tapering and the slow withdrawal of unprecedented stimulus to the economy.
While the broad global economy has bounced back from the worst of the COVID-19 downturn, some badly hit sectors and industries haven’t regained pre-pandemic levels and continue to trade at discounts, offering investors what we believe is compelling value.
In our 2023 outlook, the Global Fixed Income team explains why we fervently believe bonds are back and 2023 will be the “Year of the Bond.”
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