Over USD 800 billion in US Treasury supply coming

A higher-than-expected reading on US jobless claims rekindled expectations of earlier interest rate cuts this year, helping US equities to close at their highest levels ever. After the Swedish Riksbank cut interest rates on Wednesday, the Bank of England gave clear indications at its policy meeting yesterday that rate cuts are on the horizon. Meanwhile, demand for corporate bonds remains very strong, although risk premiums on debt remain very tight. And Hong Kong stocks are rising on a report that the dividend tax for mainland investors will be abolished. Fixed Income strategist Dario Messi says that there is no need to rush into longer-dated bonds at any price.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:23 Markets wrap-up by Mike Rauber (Investment Writing)

07:11 Fixed Income update by Dario Messi (Fixed Income Strategy)

12:17 Closing remarks by Bernadette Anderko (Investment Writing)

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