Since the early 1980s, developed market government bond yields have broadly been falling, with investors voicing concerns that the asset class offered little or no value. Continually, they have been proven wrong. Government bonds have provided a defensive ballast in portfolios while generating a consistent income stream. Now, with developed market yields at new lows, the defensive nature of the asset class remains, but income generation is challenged. A whole new world or not, a blend of fixed income markets seems to be the answer to finding the opt...