2025 Midyear Outlook: For Fixed Income, Slow and Steady Wins the Race

Published on June 23, 2025

Bonds had a solid start to 2025, with most high-quality fixed income sectors up low- to mid-single digits through the first half of the year. While stocks experienced a roller-coaster ride powered by policy uncertainty, fixed income generally held up well despite the broader market turbulence. Will it be the same story in the second half? Let’s take a closer look.

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