In a world of rising yields, finding value in bond markets is as challenging as it’s ever been. Fixed income investors must know that what’s worked in the past might not work going forward. Duration is a key consideration to delivering meaningful bond returns, however its role in offering investors a safety net in times of stress is going to be severely tested over the next few years as central banks tighten monetary policy. It is during these times when a braver and broader approach is required, by going on the offensive in fixed income. By taking on more risk (...