Fixed Income Readjustment Has Taken Place, Says Invesco's Brill

The video discusses the challenges faced by debt markets in 2022, highlighting a significant downturn in fixed income and stock markets due to rapid interest rate hikes. It explores the potential for recovery in 2023, emphasizing the role of higher yields and the impact of economic slowdown on credit spreads. The discussion also covers the balance between credit risk and treasury investments.

What factors contribute to the expectation of not having back-to-back negative years for fixed income?

How has the cost of debt impacted the economy according to the discussion?

What is the significance of the 400 basis points tightening mentioned in the text?

What are the implications of the current credit spreads in relation to a potential recession?

In what ways are yields currently positioned compared to historical data?