In mid-September, the bond market looked set to coast to a second year of recovery after a bruising run of back-to-back losses in 2021 and 2023. Since then, the market has lost altitude. Although a modest year-to-date gain is holding for the moment, the headwinds may be strengthening for fixed-income securities as the market grapples with a changing outlook for inflation.
Daily Archives: November 11, 2024
Macro Briefing: 11 November 2024
US consumer sentiment continued to improve in early November, rising for a fourth straight month to a six-month high. “While current conditions were little changed, the expectations index surged across all dimensions, reaching its highest reading since July 2021,” says Joanne Hsu, surveys of consumers director at University of Michigan, which publishes the data. The results reflect sentiment before the Nov. 5 election.
