State Street ETF's: Navigating the Turbulence – Bond Compass Q4 2019

The fifth edition of Bond Compass provides unique insight into the global fixed income market

via a snapshot of bond flows and holdings indicators, extracted from a wider data set that represents $10 trillion of assets. 

The PriceStats® section draws on data from Q3 price changes across millions of items sold by online retailers, helping investors to anticipate and evaluate the impact of inflation and exchange rate misalignments.

Highlights include:

• The US Treasury markets sent the strongest signal this year that economic concerns exist. These concerns were not helped by the Fed’s first cut in over a decade.
• However, investors’ demand for investment grade, high yield and mortgage-backed exposures seems to suggest a slowdown rather than a recession.
• Online inflation – as measured by PriceStats® - in the eurozone has caught up with official data and both seem to be lower than the ECB would prefer.

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