Reported 7 months ago
On June 12, 2024, the Bank of Canada announced a rate cut with the European Central Bank following suit. Due to the recent economic momentum constraints in the U.S., including cooling inflation, manufacturing, and employment data, the manager of the Shin Kong Global Bond Fund, Li Shurong, expects heightened expectations for a rate cut in the U.S., with a high likelihood of a cut within this year. Li recommends focusing on medium to long-term holdings, primarily in investment-grade bonds centered around BBB credit ratings, to balance returns and credit quality with opportunities expected to rise as the U.S. considers rate cuts.
Source: YAHOO