Advisor Insights

2025 Fixed Income Update with Piton Investment Management

New year, new administration, new portfolio challenges. Here's how '24 wrapped up and what's possibly ahead in 2025.

February 3, 2025

2025 Fixed Income Update with Piton Investment Management

Watch: 1Q25 Fixed Income Market Update with Piton Investment Management

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Curious where fixed income markets may go in 2025? Watch Piton’s Chief Investment Officer, Brian Lockwood, discuss their market update for 2025. Brian dives into the year’s key developments, sector performance, and macroeconomic drivers shaping fixed-income trends. He also explores how these factors inform portfolio positioning in 2025.

Key takeaways:

  • Risk assets outperformed in 2024
  • Duration matters
  • Cash remained dominant in 2024
  • Focus on intermediate bonds in 2025


Target consistent, above-market levels of income

with Structured Note SMAs actively-managed by Piton Investment Management for income-focused investors.


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