But high volatility is a challenge for investors
RBC Capital Markets continues to lead the industry
New capital rules and other reforms have set the stage for fixed-income markets to become more like equity markets
Despite historically low yields, the bonds of Europe's strongest economies have much allure if the euro becomes extinct
Downgrades outnumber upgrades by a more than 2 to 1 margin
Bonds issued for financing public infrastructure can provide income with reasonable risk. Explaining their features is the hard part, however
Clients should view bonds as portfolio stabilizers, not as a way to make big gains
Active bond managers have several tools available to mitigate the impact of rising yields
The pros and cons for income-seeking clients
Unless your clients accept the deflationary scenario, it’s time to shorten maturities or lighten up on bonds