Bond Market Midyear Review: The Calm Before the Storm?
The second half of the year is shaping up to be even more eventful than the first.
Bond-fund investors have had plenty to digest over the first half of 2015. Speculation on when the Federal Reserve will raise its benchmark interest rate, and by how much, remains at the top of this list given the broad ramifications that a change in U.S. interest rates would likely have on global asset prices.
A steady stream of headlines has also been coming out of Europe as Greece's debt crisis has mushroomed. There has also been a divergence in monetary policy among the world's major central banks as regions across the globe have been at different points in their economic cycles. As a result, relative currency valuations will continue to be crucial indicators.
John Gabriel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.