Andrzej Skiba, Head of BlueBay U.S. Fixed Income, unpacks the recent aggressive sell-off in Treasury prices, with 30-year yields briefly touching 5%. What does this mean for fixed income investors? While spread markets have shown resilience, the focus remains on the Trump administration’s policy agenda and the Fed’s response.

2024 was a strong year for U.S. High Yield and leveraged loans but as we move into 2025, volatility is expected to increase, and valuations will play a critical role. Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, shares his outlook for credit markets, highlighting risks, opportunities, and why duration and yield dynamics still offer support.

U.S. credit markets are ending 2024 on a high note, with spreads at multi-year tights despite rate volatility and record issuance. But caution is warranted as we head into 2025. Andrzej Skiba, Head of BlueBay U.S. Fixed Income, discusses the binary outcomes ahead, driven by Trump’s trade policy choices.

High-yield and loan markets are closing out 2024 on a high, with record issuance and firm technicals. Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, reflects on a dynamic year, from geopolitical developments to what’s next for leveraged finance in 2025.

Markets moved this week after President-elect Trump suggested 25% tariffs on Canadian and Mexican imports. Stephen Fitzsimmons, Institutional Portfolio Manager on the BlueBay U.S. Fixed Income team, examines the market’s reaction to Trump’s rhetoric and how the Fed may react to incoming data.

Tim Leary, Senior Portfolio Manager on the BlueBay Fixed Income team, breaks down the post-election market reaction, including the fade in risk rallies and why tariffs—now dubbed the “Trump Tax”—are here to stay.

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.