Investors in fixed income have experienced a great calm during the decade since the global financial crisis, and in many ways this torpor has merely extended a trajectory that stretches back much further. It is around 30 years since interest rates in major nations peaked before embarking on a prolonged decline that still endures today.
With hopes of a renaissance in yields repeatedly dashed, the longevity of this trend has come as a surprise in many quarters. Yet now, amid the winding down of central bank intervention, something at least slightly different finally seems to be looming on the horizon. According to the findings of the first-ever Invesco Global Fixed Income Study, the great calm is at last coming to an end.
Read the complete white paper at the link beneath Related Files