Refinitiv published an article stating that the market consensus is that the performance of fixed income assets in 2024 will see a significant improvement; the market still expects rate cuts to come, which has given investors confidence to move from holding cash to longer-term securities. Challenges still exist. In many major economies, inflation is difficult to eliminate, which reduces the likelihood of rate cuts. Another wave of refinancing is approaching. Additionally, as central banks around the world transition from quantitative easing (QE) to quantitative tightening (QT), a major bond buyer will exit the market. Further geopolitical crises will be closely watched for their impact on the global economy and inflation. However, despite these challenges, 2024 could still be a year for bonds.