16 April 2026
Fixed Income Perspectives outlines the current macro and market views from across Capital Group’s extensive fixed income team and offers insights on investors' bond exposure against an ever-changing backdrop.
In our Q2 2026 update, we discuss:
- We believe global growth should remain positive in 2026, but developments in the Middle East suggest a more prolonged and uneven path to resolution and raise the probability of stagflationary outcomes.
- The Federal Reserve (Fed) is likely to remain dovish relative to other central banks that have shifted to a more hawkish stance on concerns about high energy prices impacting inflation.
- In our view, valuations don’t appear to reflect the potential degree of risk and uncertainty in the market. We’re focused on maintaining a conservative, diversified, higher-quality posture in our portfolios.
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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.