SICO Advises on Fixed Income Investment Strategies Amid Current Market Conditions
SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed asa wholesale bank by the CBB), highlighted in a recent note to investors the challenges facingemerging and GCC capital markets posed by high inflation and an aggressive US FederalReserve rate hike schedule.
US Treasury yields surged by an average of 160 basis points this year, with marketparticipants pricing in as much as 8.5 rate hikes for 2022, according to Fed Fund Futures.Rate hikes are driven by fears of rising inflation that reached its highest level in over 40 yearsat 8.5%, which in turn brought global bond prices down by 11.3%, according to the BloombergGlobal Aggregate Bond Index.
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