Bond investments : investment flexibility is now necessary

Long considered a safe-haven investment, bonds are going through a more uncertain phase. Despite central banks cutting policy rates, long-term bond yields remain high, raising questions among investors. Budget overruns, sovereign rating downgrades, and the retreat of central banks' role on the long end of the yield curve: the landscape has changed profoundly.

In this context marked by unprecedented tensions, notably in Japan, have bond investments become riskier? And how should one adjust strategy between sovereign debt and corporate credit? Analysis by Zakaria Darouich, Head of Multi Asset Solutions at CPRAM.