CIO Fixed Income Roundtable Podcast Series - 1Q26 update and outlook
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Hear from members of the UBS Chief Investment Office fixed income team as they provide a performance and positioning update across fixed income sub-sectors. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, Sudip Mukherjee, Senior Municipal Strategist
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4 itemsCIO Fixed Income Roundtable Podcast Series - 1Q26 update and outlook
The desk observes a significant shift in fixed income sentiment, emphasizing the market's rapid pivot from concerns over slower growth to increased inflation expectations. This change illustrates an evolving narrative that reflects the market's reaction to central bank policies and economic indicators. Per the full note [source], interest rates have surged 40 to 50 basis points within just a few weeks, as traders recalibrate their expectations regarding future Federal Reserve rate hikes amidst a backdrop of persistent inflation. These dynamic movements could create headwinds for fixed income assets as yields rise and market participants reassess their positions.
CIO Fixed Income Roundtable Podcast Series - 2Q26 update and outlook
The desk posits that the recent surge in U.S. Treasury yields is indicative of a sustained risk appetite and inflationary pressures. Per the full note from the UBS Fixed Income Roundtable, 10-year Treasury yields spiked by 25 basis points, reaching 4.68%, the highest since January 2025—a reflection of ongoing geopolitical undercurrents that are maintaining upward pressure on rates. This shift in yield dynamics suggests a pivot away from a risk-off sentiment that could robustly impact currency valuations in the FX market.
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