When does a bond bear market become an opportunity?

In our 2022 bond market outlook published in December, we penned ‘a year from now, we think ‘volatile’ might be one of phrases used to describe 2022’.

Navigating the post-pandemic recovery, including broken supply chains and labour shortages, was always going to prove a challenge for investors and policymakers. Now that the exit from extreme policies has become a certainty, a more volatile market environment seems likely.

We see several areas where this environment is creating significant value for fixed income investors.