Monthly Checkpoints

Higher starting yields and improving credit quality are helping reinforce the case for global short-dated high yield bonds.

Checkpoints is a comprehensive monthly chartbook highlighting major top-of-mind themes that could shape financial markets in the near term. In addition to the broader macroeconomic discussion, Checkpoints delivers detailed views on major asset classes, including global equities, fixed income and real assets.

Investors are assessing the market implications of the U.S. midterm elections, but history suggests election-driven volatility tends to fade as clarity improves.

Democrats have swept both the House and Senate, reshaping Washington’s balance of power. While early polling had pointed toward a more divided government, with Democrats gaining control of at least one chamber, the broader sweep now gives the party more policy leverage heading into 2027.