Join MFS Co-CIO of Fixed Income Alex Mackey as he examines the signals behind the Fed's recent rate hike and the opportunities and risks shaping US fixed income markets.
Issuers are entering the market at a rapid pace, and with new active ETFs launching almost daily, the competition is intensifying. As the landscape becomes increasingly crowded, questions around liquidity, capacity, and pricing are more challenging.
The Fed raised rates and won’t provide forward guidance, but credit markets are resilient. Investors should focus on quality carry and stay disciplined.