While the recent Federal Reserve rate hike of .25 basis points will bring some expected disruption to the markets over the coming weeks it will signal an overall positive move for the markets as well as the economy in that we are finally heading in the direction of normalizing U.S interest rates.

Linked below is a good executive summary from T. Rowe Price on the fixed income markets as we head into 2016 and a Federal Reserve tightening policy: https://www4.troweprice.com/gis/fai/us/en/insights/articles/2015/q4/global-fixed-income.html