This podcast episode discusses the approaching end to the Federal Reserve and European Central Bank's interest rate hiking cycles, citing improved inflation data and decelerating growth as evidence. As a result, high-grade bonds are expected to perform well. Nevertheless, the outlook for riskier assets, like equities and high-yield bonds, remains uncertain due to historically volatile September market conditions and potential risk events. Investors are advised to adopt a patient approach, particularly when considering the potential supply-related challenges in the bond market caused by heavy corporate bond issuance and persistent government borrowing.