Opportunity in fixed income gives investors reason to cheer

There are real opportunities in an unsettled market which is ripe for active managers to pinpoint advantage from wider dislocations, says BNY Mellon. While government bond markets suggest we are close to peak rates, choppy moves in yields and ongoing market uncertainty continue to expose positive investment prospects.” Indeed, select fixed income markets are seeing some of their highest yield levels since the global financial crisis. There are credit opportunities emerging in asset class sub-sets as diverse as investment grade corporates, asset backed securities, municipal bonds and emerging...