Higher Bond Yields Make Fixed Income More Relevant Again

Bond yields have surged in recent times, making fixed income more attractive to investors seeking income, diversification, or portfolio stability.

This is not a call that yields have peaked. Higher starting yields mean investors can earn more income while taking a more measured view on interest rates.

However, higher yields do not necessarily mean it's time to go all-in on long-duration bonds. Inflation, oil prices, government borrowing, and further Federal Reserve tightening could keep yields elevated or push them higher still.