Invesco: The interest rate shock is over; if the US shifts towards expected rate cuts, it will benefit fixed income investors.

```htmlGolden Ten Data, May 12｜Lin Chunhui, Head of Fixed Income Portfolio for Asia Pacific at Invesco, stated that the impact of interest rate shocks has basically passed, and the expectation of rate hikes has already been fully priced into various interest rate markets. The market's expectations for US interest rates have shifted from expecting two rate cuts at the end of February to no rate cuts. If the US turns to rate cut expectations, it will benefit fixed-income investors since the market has not yet priced in this scenario. The bank currently prefers market pricing and believes the possibility of another rate hike is low. He pointed out that several factors need to be monitored, including the appointment of the new Federal Reserve Chairman, future dynamics of the FOMC, and whether long-term inflation expectations can continue to remain stable.```