Bond Market Enjoys Solid Tailwind Ahead Of Fed Meeting
The Federal Reserve is expected to cut interest rates this week. The question is whether the bond market has fully priced in the start of policy easing?
It’s tempting to say “yes” after reviewing recent performance data. Year to date, all the primary categories of US fixed income markets are posting gains, based on a set of ETFs through Friday’s close (Sep. 13). The leader so far in 2024: junk bonds (JNK) with a solid 7.1% advance.