Bonds are back: Why allocations deserve a rethink

After years of ultralow rates, the “yield reset” has transformed the return potential of fixed income. With bond yields elevated, equities expensive, and policy rates now on a downward path, PIMCO’s Rupert Harrison and Simon Hillenbrand argue that this is one of the most compelling moments in years to reconsider fixed income allocations. In a new article for Investment Week’s Fixed Income Portal, they explore: • Why UK fiscal constraints and expected Bank of England cuts could enhance gilt appeal • How global disinflation and elevated yields support 6–7% income potential in high-quality...