J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
With the ultra-low interest rate environment at an end and bond valuations attractive for the first time in years, fixed income is resuming its traditional role in portfolios: providing income and portfolio diversification.
JP Morgan | Fixed Income Freeforms
Global aggregate bond yield
Source: Bloomberg Barclays, Refinitiv Datastream, J.P. Morgan Asset Management. Chart shows yields of Bloomberg Barclays Global Aggregate index.
Total return scenarios for US 10-year Treasuries by yield
Source: Bloomberg, J.P. Morgan Asset Management. Chart indicates the calculated total return achieved by purchasing US 10-year Treasuries at the current yield and selling at the end of 2023 for various year-end yields. For illustrative purposes only. Past performance is not a reliable indicator of current and future results. Data as of 3 November 2022.
Fixed income has experienced a dramatic repricing and valuations now look compelling. Real government and corporate bond yields are at the highest level in years, allowing investors to find the income they need.
Inflation is beginning to cool. Factoring in the lag with which monetary policy actions feed through into the economy, there are now hopes that central banks will slow the pace of interest rate hikes.
An environment of lower inflation and less aggressive central bank action will allow bonds to serve as a portfolio diversifier and risk hedge.
Whether you’re looking for a flexible, global approach, a core portfolio building block or sustainable opportunities, our fixed income SICAVs and active ETFs provide a comprehensive range of solutions.
For investors re-evaluating portfolios in this new dawn for bond investing, J.P. Morgan Asset Management offers fixed income solutions that span the risk spectrum, underpinned by the deep resources and rigorous research of a truly global platform.