Global Fixed Income Bulletin
One Small Step for Interest Rates, One Giant Leap for Monetary Policy
Financial markets have gone from worrying about COVID-19 to worrying about the Russian invasion of Ukraine.
March was another brutal month for financial markets, capping one of the worst quarters since the 1980s. Indeed, it did not take long for markets to realize the inflationary/stagflationary implications of the war and resulting sanctions on Russia. The Global Fixed Income team shares its thoughts.