Fixed Income Weekly Primer

Fixed income yields surged last week as hotter-than-expected inflation data and geopolitical conflict in the Strait of Hormuz spooked markets. The 30-year Treasury yield crossed the 5% mark while Kevin Warsh was confirmed as the new Fed Chair.

Key Takeaways

• 1.Yields rose across the fixed income universe driven by higher-than-expected inflation data and geopolitical tensions.
• 2.Inflation metrics (CPI and PPI) significantly exceeded survey expectations in April.
• 3.Kevin Warsh has been confirmed as the new Federal Reserve Chair, with Jerome Powell serving pro tempore until the swearing-in.

Table of Contents

• Fixed Income Solutions
• Fixed Income Weekly Primer

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