So, where do we see value?
We are finding pockets of opportunity across the market where we can take advantage of the current uncertainty; for once, we can see some value in every segment of the market.
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Short duration now offers yields of more than 5 per cent, up from the zero-skimming lows of a couple of years ago.
Moving up the risk spectrum, HY offers close to double-digit yields, while subordinated financials offer yields well into the double-digit range.
Fatima Luis is a fixed income portfolio manager at Mirabaud Asset Management
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