Fixed Income Perspectives

 

Our latest bond markets insights to help shape portfolios.

Fixed Income Perspectives outlines the current macro and market views from across Capital Group’s extensive fixed income team and offers insights on investors' bond exposure against an ever-changing backdrop.

In our Q2 2026 update, we discuss:

• We believe global growth should remain positive in 2026, but developments in the Middle East suggest a more prolonged and uneven path to resolution and raise the probability of stagflationary outcomes.
• The Federal Reserve (Fed) is likely to remain dovish relative to other central banks that have shifted to a more hawkish stance on concerns about high energy prices impacting inflation.
• In our view, valuations don’t appear to reflect the potential degree of risk and uncertainty in the market. We’re focused on maintaining a conservative, diversified, higher-quality posture in our portfolios.