Deep Dive: Fixed income offers 'number of opportunities' in period of high volatility

Paul Skinner, investment director at Wellington Management, said both risk assets - including credit - and safe haven assets, such as government bonds, "have yet to establish any meaningful direction" due to high uncertainty over an upcoming recession. He described the uncertainty as "the start of a classic inflection point", predicting current market volatility may take "the whole year to resolve". "We think the solution is to sit in the least volatile asset class - fixed income - and benefit from the prospect of what has become a healthy annual yield while we await the outcome," he ...