Deep Dive: Governments' 'lack of financial discipline' could upset bonds' positive outlook

 However, he emphasised that "persistent price pressures and a lack of financial discipline on the part of governments" must not get in the way. According to Sagayam: "Investors now have access to defensive and income-generating assets at inexpensive valuations not seen for many years," notwithstanding "these potential hazards". The fixed income asset class, as a whole, suffered a torrid year in 2022, with the classic equities diversifier falling in lockstep with the asset class. Allianz GI's Riddell: Looming credit meltdown risks creating corporate bond fund illiquidity shock N...