 The likely path of interest rates should produce a decent yield in fixed-income markets, AXA said, but cautioned that valuations were a concern and investor sentiment toward credit would be subject to the uncertain evolution of policy and geopolitical risks. The likely path of interest rates should produce a decent yield in fixed-income markets, AXA said, but cautioned that valuations were a concern and investor sentiment toward credit would be subject to the uncertain evolution of policy and geopolitical risks.
​WSJ.com: Markets
