Fed rate cuts: The right or wrong time to buy fixed income?

While existing holders of fixed income have enjoyed a buoyant few months of returns, the question over how and where to invest today is more complex. On the one hand, interest rates are coming down and inflation appears to be in retreat; on the other, bond market pricing looks optimistic about future rate cuts and may be outpacing central banks. In theory, if interest rates fall, it should depress yields and raise prices. That argues for investors snapping up relatively attractive yields while they still can, particularly if they believe that the US economy is heading for a more dif...