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Use select charts from the Guide to the Markets to engage in portfolio discussions.

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Diversifying fixed income

Investing beyond traditional "core" U.S. investment grade bonds into core complement and extended sectors may provide benefits regardless of the rate and inflationary environments.

Economic Expansions and Recessions
Diversification provides access to less rate-sensitive segments of the fixed income market
 
  • Core complements such as absolute return, floating rate, convertibles and inflation-hedging strategies can help diversify core bond holdings as they are less sensitive to the impact of rising rates.
  • Extended sectors tend to be less susceptible to rising rates and often benefit from the economic growth that may accompany them.
  • High yield bonds can be an important source of income in a low rate environment and are able to better withstand rising rates because their higher coupons may offset capital losses.
Discussion Slides
Interest Rates and Inflation
Fixed Income Yields and Returns
Fixed Income Sector Returns

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