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What can be said in favour of investing into fixed income at this point in time? Are bonds already on their way towards staging a turnaround?
Whilst 2022 was painful adjustment year in terms of fixed income returns, 2023 sees the return of something that has been lacking for most of the past decade. Yield. Or more precisely, yields more in line with historical norms and more competitive when comparted to equity market dividend yields. The more attractive yield environment means that Fixed Income is now an asset class that cannot be ignored by investors taking a balanced, diversified approach to investing, with current yields offering investors reasonable returns relative to risk.
Bonds are already on their way to staging a turnaround...
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