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Home / White Papers 2025

Fixed Income Investment Outlook 2Q 2025

Neuberger Berman
8 May 2025

Riding Out the Storm

The Trump administration’s announced tariffs have introduced new turbulence to the markets as investors seek to assess the possible ramifications across economies and asset classes. While negotiations could ease their scope and severity, we believe that the net result could be to reduce economic growth and modestly increase inflation this year, adding complexity to central bank monetary decisions, but still providing room for rate cuts. Amid the dislocation, we are finding opportunities for careful credit selection, and anticipate that reshoring of foreign investment flows and a weak dollar may favor non-U.S. markets over time.

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Neuberger

8 May 2025

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