According to @business, the long end of the municipal bond market has rebounded after a difficult start to 2025 as investors increased expectations for Federal Reserve rate cuts, with long-dated munis enjoying their best monthly performance since 2023. Source: Bloomberg @business post on Sep 15, 2025 and the linked Bloomberg article.

According to Adrian (@adriannewman21), the current crypto market lacks true on-chain fixed income products, as yields are primarily driven by factors like borrowing-lending spreads, funding rates, and leverage, rather than stable cash flows as seen in traditional finance (TradFi) fixed income systems. This structural difference means that while investment-grade (IG) bonds in TradFi can offer steady returns of 5-6% based on corporate cash flows, crypto yields are often more volatile and less predictable, impacting trading strategies and risk management for crypto investors (Source: Adrian Twitter, May 12, 2025).

According to The Kobeissi Letter, the 1-month annualized Core PCE inflation is currently at +4.5%. Additionally, the 1, 3, and 6-month annualized headline and core PCE inflation rates are all exceeding 3.0%. These figures suggest a rising inflation trend which could impact Federal Reserve policies and market interest rates, influencing trading strategies in fixed income and currency markets.

According to Edward Dowd, the inflation surge from 2022 to 2024 caused a historic bear market in fixed income assets, pushing investors towards stocks as a hedge against inflation. However, recent stock market volatility serves as a reminder of the potential downsides.