The turbulent bond market has left some of the biggest US fixed-income fund managers favouring caution, with investors focusing on higher-quality assets and avoiding large macroeconomic bets amid rising yields, inflation concerns and a surge in AI-related debt issuance, according to a Reuters report.
Reuters spoke to eight senior bond fund managers overseeing nearly $700 billion in assets. Their views point to a more selective approach to fixed-income investing as Treasury yields climb and corporate bond valuations remain stretched.
