Now that yields have reset higher, bonds are positioned to protect portfolios while delivering higher income.
Floating-rate income and the secured nature of senior loans may provide a valuable defense against both rising rates and higher default risk for investors able to stomach short-term volatility.
As investors grapple with a new era of macroeconomic uncertainty, liquidity is king in the near term.
Fixed income markets have staged a significant recovery since April — the focus is finally starting to shift back to fundamentals.
As the world adapts and moves forward, we expect emerging markets to rebound strongly in 2021 and outperform developed markets.
The fixed income landscape is being shaped by six key themes—this is how we are positioning portfolios in the second half of the year.