Strong equity performance can make the broader environment appear calm, but the bond market is telling a more complicated story.
As Treasury yields rise, borrowing costs increase across mortgages, corporate debt, and government financing. At the same time, persistent inflation pressures, elevated energy costs, military spending, and weakening foreign demand for U.S. Treasuries are creating additional strain beneath the surface.
Jonathan Amoia examines why traditional fixed income has become less attractive in this environment, how Advocate Wealth is adjusting portfolio allocations, and why shorter-duration Treasuries, private-market strategies, and selective real-asset exposure may play a larger role ahead.
The central question is not simply whether markets can continue rising, but whether today’s resilience can withstand higher rates and increasingly expensive capital.
Read the main article here to continue:
https://www.linkedin.com/pulse/beneath-surface-rates-resilience-whats-next-jonathan-amoia-ba2uc