Fixed Income Outlook: Navigating cycles of uncertainty

In Short

After a turbulent start to the year, bond markets are entering the second half of 2025 with cautious resilience. While inflation is gradually falling in Europe, the US faces a more complex picture of slowing growth and potential policy missteps. From European sovereigns to emerging market debt, fixed income managers from across Generali Investments share where they’re finding value in a still-volatile landscape.

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