Reported about 1 year ago
Due to recent economic data fluctuations, market expectations for a Fed rate cut have been fluctuating with the latest non-farm payroll numbers impacting the anticipation. As a result, there has been a noticeable strengthening in the momentum of the three major bond markets, with investment-grade bonds attracting $5.8 billion in funds and accumulating nearly $150 billion in inflows so far this year, leading in various stock and bond funds. Various global bond markets have seen mild gains in the past week, with the US high yield bond and convertible bond indices performing relatively well. Analysts foresee opportunities in US high-yield bonds as default rates are expected to remain relatively low, and the overall fundamental outlook is positive.
Source: YAHOO