The year in bond funds: 2017

Despite monetary and fiscal policy adjustments, bond markets remained steady for 2017, providing a subtle encore to the prior year’s risk-on fervor.

Emory Zink 26 January, 2018 | 16:20
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Despite monetary and fiscal policy adjustments, bond markets remained steady for 2017, providing a subtle encore to the prior year’s risk-on fervour.

Continued strength in the US economy underpinned a slow but steady shift in the Federal Reserve’s monetary policy guidelines, including actions to reduce its balance sheet and to hike interest rates, despite stubbornly low inflation.

The economic optimism, further fuelled by serious tax cuts in the United States and recovering oil prices across the globe, continued to support credit fundamentals, and led to another year of risk-on fervour.

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About Author

Emory Zink  Emory Zink is a fixed income strategies analyst, manager research, Morningstar US.

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