Market Minute: Three forces that shaped fixed income in July
ALLYSON KRAUTHEIM, PORTFOLIO SPECIALIST
August 3, 2026
AI-related debt issuance pushed tech credit spreads wider in July, even as the broader market stayed tight, creating the kind of dispersion where active managers can add value. The Federal Reserve held rates steady, reinforcing a higher-for-longer backdrop that has kept yields elevated. Meanwhile, the Iran conflict continued to drive oil volatility and add noise to inflation expectations.
Portfolio Specialist Ally Krautheim recaps July and what to watch next.
The Victory Income Investors team's fast take? Stay disciplined and let today's elevated yields work for you.
