📊 Bond Yields Fall, Breadth Widens

Good Evening Investors,

Risk assets were supported by falling bond yields and firmer expectations of Fed rate cuts, as markets increasingly price in easing ahead of upcoming economic data. At the same time, uncertainty lingers: labor market surprises and weakening payroll surveys have kept volatility elevated for smaller, liquidity-sensitive names.

Market watchers note that breadth is beginning to widen after weeks of narrow leadership. This shift has created selective opportunities, with active managers pointing to outsized returns in small-cap niches.

Matthias Schneider
Editor at Analytica Investor