The United States experienced a mild deflation in May, according to new data from the Bureau of Economic Analysis. Click to read.

The 10-year Treasury yield fluctuated between a high of 4.705% and a low of 4.222% over the course of the quarter. Click to read.

Despite a slow start to the year for bonds, fixed income still provides much more yield today than it has in years and will likely get a long-awaited boost when rate cuts eventually come.

Europe seems extremely likely to cut rates in June, in my view, as progress on inflation has been significant.

Following a run of stronger-than-expected inflation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December's meeting.