As we prepare client portfolios for more volatility and higher interest rates, the question will be is the Fed ready and willing to make that transition?  We believe the unwinding of the emergency monetary policies of 2020 will impact the bond market well into the next few years.  The chart above shows the reduction of liquidity which fuels volatility.

Amaury de Barros Conti
Partner | Vice President Investments
210-930-9409
aconti@sendero.com

Source: ICE, Bloomberg