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Q4 2025 Bond Compass

Our latest Bond Compass highlights how central bank rate cuts, deficits, and stubborn inflation are taking investors out of their comfort zone. We detail the fixed income opportunities.

Q4 Investment Outlook Find new opportunities in fixed income

Investors grappling with falling rates and rising deficits and inflation can consider:

  1. Embracing the front end of the curve.
  2. High-quality short-duration credit, and collateralised-loan-obligation exposures.
  3. Thriving emerging market debt, and convertible bonds opportunities.
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Fixed income trends

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About the bond compass

Our most comprehensive quarterly report on fixed income flows and holdings includes analysis of investor trends across $12 trillion of assets,2 plus SPDR® fixed income ETF implementation ideas for the upcoming quarter.