Rajeev Sharma | Source | Managing Director of Fixed Income at Key Private Bank
Rajeev Sharma
Rajeev is the Managing Director of Fixed Income at Key Private Bank (AUM $50.2B). He brings 20+ years of active fixed income portfolio management and comprehensive credit research experience to clients. Prior to joining KeyBank, he was Head of Fixed income at Foresters Investment Management Company.
Specialties: Manage multi-asset fixed income strategies; portfolio construction and analysis; credit research of investment grade and high yield bond issuers across several industry sectors and asset types.
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Commentary following July Fed rate hike:
• No surprises following the July rate hike, but the Fed is keeping the door open for future hikes. The Fed continues to reiterate its message and advocate for tighter monetary policy and inflation returning to 2%.
• In our opinion, the rate hiking cycle is done and the Fed will now pause for the rest of the year. The latest market reaction also supports this thesis with yields dipping slightly across the front end of the yield curve.
• We expect Fed Chair Powell will keep his options open and likely use the upcoming Jackson Hole conference to send any stronger messages if needed, as more data will be available by then.
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Barron's: This Could Be the Fed's Last Rate Hike. It's Time to Buy Bonds.
If you've been hiding out in cash, consider adjusting your portfolio.
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Key Private Bank
Managing Director of Fixed Income