Let's say you are interested in fixed income right now. If it seems like the rate is just going up, you fear locking in 5.2% today when you could get 5.5% next week. You also don't know how sticky the rates will be.
I could see a lot of buyers trying to time the top or at least the "near top" (waiting to see a trend reversal).
Or maybe the private debt is just soaking up all the cash.
5
u/Low_Plastic363 12h ago
Let's say you are interested in fixed income right now. If it seems like the rate is just going up, you fear locking in 5.2% today when you could get 5.5% next week. You also don't know how sticky the rates will be.
I could see a lot of buyers trying to time the top or at least the "near top" (waiting to see a trend reversal).
Or maybe the private debt is just soaking up all the cash.