Our fixed income focus page looks at the income and diversification potential of bonds. The left-hand chart plots the proportion of the global government bond market that has yielded below 0%, or between 0 and 1%, over time. After a painful correction in the bond market in 2022, the income on offer from bonds is now much more attractive. The right-hand chart looks at scenarios for returns from 2-year and 10-year US Treasuries depending on how yields move by the end of 2023.