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The volatility of the fixed income market has left investors wary. But the yields offered by shorter-dated bonds are as attractive as they have been in quite a while.
By Mickael BENHAIM, Head of Fixed Income Investment Strategy Solutions Pictet Asset Management
With bonds whipsawing on the way to taking some of their biggest losses in decades, investors can be forgiven for feeling gun-shy about the fixed income market. But in doing so, they also run the risk of missing out on some of the most attractive risk-adjusted returns around. Because short-dated bonds offer just that right now. At the heart of the fixed income market’s recent woes is uncertainty about what policy course the world’s major central banks,...
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