Positioning for a sea change in -xed income

It’s a new era for fixed income investing. Investors are only slowly catching on to how significant a shift we’ve undergone from the post-global financial crisis decade of zero interest rates. Which is to say, investors can once again expect to be rewarded for holding bonds and credit instruments. But there’s a catch: unlike the generational bull market that started in the early 1980s, this time the tide won’t be lifting all boats. These waters require deft navigation.