What does monetary policy divergence mean for fixed income?

The expected divergence of monetary cycles presents both challenges and opportunities for fixed income investors and issuers, especially at a time when fiscal policy remains abundant. Imogen Bachra, Joann Spadigam, and Jan Nevruzi outline where they see policy rates heading next year, what this means for the direction of travel for yields and the shape of the curve, and where cross-market opportunities lie. 

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