The Weekly Fix

Brian Svendahl, Senior Portfolio Manager on the BlueBay Fixed Income team, breaks down the big news of the year: Donald Trump’s return to office. With his return, expect potential changes in U.S. tax policies, federal regulations, tariffs, and immigration – each adding pressure to inflation and impacting bond markets. Will higher inflation, increased debt issuance, and the influence of “bond vigilantes” drive rates up further? Listen to get Brian’s insights on how these developments could shape the fixed income landscape.

Stephen Fitzsimmons, Institutional Portfolio Manager on the BlueBay U.S. Fixed Income team, steps away from election chatter to dive into the latest economic data. With a major miss on October’s payrolls, resilient Q3 GDP, and rising Core PCE, the numbers suggest a complex path ahead. Will the Fed cut rates to support a softening labor market?

Andrzej Skiba, Head of BlueBay U.S. Fixed Income, breaks down what fixed income investors should consider with just a week to go until the U.S. presidential election. The race is neck and neck, with battleground state polling indicating it could go either way. Our guidance? Hold steady and await the outcome.

Stephen Fitzsimmons, Institutional Portfolio Manager on the BlueBay Fixed Income team, shares his insights on how upcoming U.S. elections will likely shape the medium-term outlook for fixed income markets. With key data releases on the horizon—such as consumer sentiment, PMI, home sales, PCE, and GDP—the markets could see some movement.

Mark Shohet, Portfolio Manager on the BlueBay U.S. Fixed Income team, provides insights on the ongoing dynamics in the financial markets and explains why maintaining exposure to floating rate assets in a diversified portfolio can be a prudent move given the uncertain rate environment.

Andrzej Skiba, Head of BlueBay U.S. Fixed Income at RBC GAM, dives into why calls for aggressive rate cuts in the U.S. have diminished and how the strong jobs report validated our stance of a more measured approach. But it’s the outcome of the U.S. Presidential election that is of key importance to fixed income markets, and positioning matters more than ever.

Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, discusses the upcoming election and the potential impact on fixed income markets.

Stephen Fitzsimmons, Institutional Portfolio Manager on the BlueBay U.S. Fixed Income Team, examines how the market is absorbing last week’s rate cut, what ways the US elections could influence monetary easing, and the potential impact widespread tariffs could have on inflation.

The September high yield new issue calendar has been active. Peter Keenan, Senior High Yield Trader on the BlueBay U.S. Fixed Income Team, discusses what events have influenced the timing of all these new issues, the performance of lesser-known issuers vs. well-known issuers, and why new issue activities give us an opportunity to engage with issuer management teams.

There may be a sense of déjà vu among investors as September’s soft markets mirror the start of last month, notes Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income Team. Although market direction remains data dependent, rate cuts are a forgone conclusion. And despite any market volatility from events like tonight’s Presidential debate, the path of rates will likely remain lower.