{"id":7830,"date":"2025-12-18T16:07:20","date_gmt":"2025-12-18T08:07:20","guid":{"rendered":"https:\/\/www.syfe.com\/hk\/magazine\/?p=7830"},"modified":"2025-12-18T16:50:47","modified_gmt":"2025-12-18T08:50:47","slug":"macro-overview-of-november-2025-and-how-the-bond-market-is-performing","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/hk\/magazine\/macro-overview-of-november-2025-and-how-the-bond-market-is-performing\/","title":{"rendered":"Macro overview of November 2025 and how the bond market is performing?\u00a0"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-1024x683.png\" alt=\"\" class=\"wp-image-7811\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-1024x683.png 1024w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-300x200.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-768x512.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-1536x1024.png 1536w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-630x420.png 630w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-696x464.png 696w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-1068x712.png 1068w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article-1920x1280.png 1920w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/HKTop-Bank-Savings-Account-2048x1365-Article.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Global markets paused in November after a strong run through most of the year, as investors navigated an uneven macro backdrop marked by US policy uncertainty, mixed labour trends, and the effects of the 43-day government shutdown. Softer US labour indicators\u2014including rising jobless claims and weak consumer confidence\u2014helped stabilise Treasury yields. US government bonds led major fixed income categories with a +0.6% return as markets priced in a Federal Reserve rate cut in December.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Income+ Performance&nbsp;<\/strong><\/h4>\n\n\n\n<p><strong>Income+ Pure and Enhance<\/strong> continued to show resilience this month with a <strong>+0.46%<\/strong> and <strong>+0.75%<\/strong> increase respectively. With our selected best-in-class funds and Syfe\u2019s active management, Income+ managed to ride on the movements in the bond market, offering stable yield potential while managing downsides.&nbsp;<\/p>\n\n\n\n<p>Global bond markets rallied in November. 3 key factors driving the rally were &#8211; 1) Softening US Labor Data, 2) Strengthened Fed Rate Cut Expectations, and 3) Relatively Stable Macro Environment.<\/p>\n\n\n\n<p>In a rate cut cycle like now, investor demand for viable income strategies continues to grow. Syfe Income+ remains a popular choice among those seeking steady monthly payouts, delivering a consistent <strong>6%\u20138.6%<\/strong> p.a. payout. As yields on cash and short-term deposits start to decline, more investors are turning to Income+ as an alternative to traditional cash options while managing the risks.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"799\" height=\"192\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.38-PM.png\" alt=\"\" class=\"wp-image-7840\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.38-PM.png 799w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.38-PM-300x72.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.38-PM-768x185.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.38-PM-696x167.png 696w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Pure Individual Fund Performance<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"951\" height=\"340\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.52-PM.png\" alt=\"\" class=\"wp-image-7842\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.52-PM.png 951w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.52-PM-300x107.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.52-PM-768x275.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.52-PM-696x249.png 696w\" sizes=\"auto, (max-width: 951px) 100vw, 951px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Enhance Individual Fund Performance<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1009\" height=\"340\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.59-PM.png\" alt=\"\" class=\"wp-image-7844\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.59-PM.png 1009w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.59-PM-300x101.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.59-PM-768x259.png 768w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-18-at-3.16.59-PM-696x235.png 696w\" sizes=\"auto, (max-width: 1009px) 100vw, 1009px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Performance Comparison vs Benchmark<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"758\" height=\"416\" src=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/image-16.png\" alt=\"\" class=\"wp-image-7836\" srcset=\"https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/image-16.png 758w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/image-16-300x165.png 300w, https:\/\/www.syfe.com\/hk\/magazine\/wp-content\/uploads\/2025\/12\/image-16-696x382.png 696w\" sizes=\"auto, (max-width: 758px) 100vw, 758px\" \/><figcaption class=\"wp-element-caption\"><em>Source: Syfe. Product issuers. Returns are as of 30 Nov 2025 in the denominated currencies. Subject to rounding. Each portfolio may vary due to different times of deposits, withdrawals &amp; weighting.<\/em><\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Looking Ahead<\/strong><\/h4>\n\n\n\n<p>Uncertainty is a constant in investing, but so is opportunity. Here\u2019s what our investment team is focused on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Fed anticipates further rate cuts in 2026 but slower, as inflation continues to reach 2%.<\/li>\n\n\n\n<li>We continue to take a long-term, data-driven view, focused on building resilient portfolios that can navigate both upside and downside risks.<\/li>\n\n\n\n<li>Staying invested is key. Time in the market rather than timing the market.<\/li>\n<\/ul>\n\n\n\n<p style=\"font-size:8px\"><em><em>Please note that past performance is not indicative of future results. Investments are subject to market risks, including the potential loss of principal. The information contained herein is for general information and reference purposes only. Information on this website is not and should not be construed as an offer to sell, or a solicitation of an offer to buy any security, investment product or service, nor a distribution of information for any such purpose. It is not intended to form the basis of any investment decision. Investors should not make any investment decision based solely on the information and services provided herein. Before making any investment decision, investors browsing this website should consider his\/her own circumstances including but not limited to his\/her financial situation, investment experience and investment objectives, and should understand the nature, terms and risks of the relevant investment funds in detail. Unless otherwise specified, all historical figures shown are for illustration purposes only and not necessarily indicative of future performance. All forms of investment carry risks, including fluctuation of prices of fund units and the possibility of loss of the capital invested. Please ensure that you fully understand the risks and costs involved by reading the Risk Disclosure Statement. Some of the fund(s) mentioned above have not been authorised by the Securities and Futures Commission (&#8220;SFC&#8221;) in Hong Kong. Please seek professional advice from an independent financial consultant where necessary. Syfe Hong Kong Limited (\u201cSyfe\u201d) is a Hong Kong Corporation licensed by the SFC (CE No. BRQ741) under Types 1 (Dealing in Securities), 4 (Advising on Securities), and 9 (Asset Management) for conducting relevant investment activities.<\/em><br><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income+ is a thoughtfully curated discretionary managed portfolio service from Syfe to cater to various income needs of investors. It comprises two investment strategies &#8211; Income+ Pure and Income+ Enhance. Depending on individual risk appetite and financial goals, Income+ Pure is tailored for those seeking a regular monthly income with lower risk, while Income+ Enhance is for investors seeking a higher monthly income and potential long-term capital appreciation. These strategies are designed to target monthly payouts ranging from 6.0% to 8.6% p.a.*<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":"[]"},"categories":[21],"tags":[],"class_list":{"0":"post-7830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-insyfehands"},"acf":{"readingTime":"","authorName":"","authorThumbnail":false,"BLUE_TIER":"0","BLACK_TIER":"0","GOLD_TIER":"0","PRIVATE_WEALTH_TIER":"0","PRE_AML":"0","POST_AML":"0","NO_GLOBAL_PORTFOLIO":"0","NO_REITS_PORTFOLIO":"0","NO_EQUITY_PORTFOLIO":"0","NO_CASH_PORTFOLIO":"0","HAS_ADVISOR":"0","INVESTMENT_PORTFOLIO_AUM":"0","AFTER_AML_DATE":"","AFTER_ACCOUNT_CREATED_DATE":"","language":"all"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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