Q1 2022 Fixed Income Review
It seems a bit trite discussing and reflecting on one of the worst quarters in the history of the bond market while an entire country and their people face the horror of war, but we must. Our hearts and thoughts are with those in Ukraine as well as their family and friends.
Just as folks were getting ready to move past the Omicron variant, inflationary data reminded everyone that higher prices are everywhere and the Fed will need to be more aggressive as they try to cool things.
If that weren’t enough to digest, Russia’s unprovoked but telegraphed invasion of Ukraine sent energy prices higher and most risk markets lower as already tight supply chains got called into question once more.