Is a New Golden Age for Fixed Income Approaching?

BNY Investment Analysis

Date:

Autor: Funds Society, Madrid

Bond yields are returning to pre-crisis levels

Many segments of fixed income markets currently offer yields comparable to or even higher than the long-term returns of the MSCI World Index

As income generated in fixed income markets offsets price declines, this creates a natural protection against downturns, provided that yields are sufficiently high and there is a long enough time horizon