Political Noise Rises, but Bond Fundamentals Hold

The featured article argues that despite louder political rhetoric and Fed uncertainty, fixed-income markets remain anchored to fundamentals 

• Growth holds near 2.5%–3%, inflation has moderated toward 2.7%, and labor-market cooling is gradual, reducing urgency for aggressive Fed cuts.

• Tight credit spreads and rising investment-grade issuance—partly AI-driven—limit upside in riskier segments, reinforcing selectivity.

• The playbook favors high-quality income, added duration and mortgages over IG credit, while keeping EM and high yield below average.

Are investors overreacting to headlines while underweighting carry? The full brief outlines positioning in detail.