The US bond market has had a rough ride for much of the past two years, but the powerful rally over the last two months suggests the worst is over. Cherry-picking analytics from the recent crop of 2024 outlooks that are seasonal standards this time of year provides inspiration for thinking that the new year could reverse more (all?) of the damage inflicted on fixed income since the Federal Reserve starting raising interest rates in March 2022.

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* US strikes Iran-backed militias in Iraq
* Geopolitical risk and 50 elections lurking for world economy in 2024
* Inflation around the world is slowing faster than expected, but…
* Residual high inflation has soured consumers’ views of economy
* 12 reasons to remain bullish in 2024: Yardeni Quicktakes
* Economists expect inflation will return to “normal” in 2024
* PCE inflation, Fed’s preferred price gauge, rises less than expected in Nov:

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