Fixed income outlook: key positioning for 2025

Fixed income markets remain in flux as investors navigate evolving monetary policy, credit conditions, and yield curve dynamics. While US Treasuries and European sovereigns present attractive yields, spread movements in investment-grade and high-yield credit require careful positioning. Sector-specific factors, liquidity conditions, and inflation expectations continue to drive tactical allocation decisions. A disciplined, flexible approach will be essential to capitalising on emerging trends while managing risk. The roadmap for 2025 highlights areas of opportunity across sovereign debt, corporate...