We believe there are parallels between the Marvel universe and the state of the fixed income market. The phenomenon that market themes can quickly transition from a contributing factor to a market driver, and just as quickly from a dominant influencer to background noise, resembles the recent Marvel story lines. If the fixed income market were a movie franchise, the narrative arc connecting long disparate points in time would be economic growth and inflation, but as in the Marvel universe, at any given point in time, a new topic or lead character can emerge as the lead topic of focus. In this paper, we seek to examine some of the current featured players and dee how they tie to the long narrative of fixed income markets.view more white papers
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