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Fixed income strategies throughout an economic cycle

Date: April 2019

Read in PDF format English, PDF, 38KB
This chart shows fixed income strategies that may work during different stages of an economic cycle. Early recovery to expansion: neutral duration, prefer high yield and investment grade bonds; peak: short duration, prefer high yield bonds and underweight government bonds; slowdown: neutral duration, neutral on high yield, investment grade and government bonds; early contraction: long duration; underweight high yield bonds and prefer investment grade and government bonds; late contraction to early recovery: long duration, prefer investment grand and government bonds.

Source: HSBC Global Asset Management, April 2019. For illustrative purposes only. This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. This page does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.

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