Is the party over for fixed income?


Despite some bad numbers in July, managers are confident about the future saying that the turbulence has thrown up some interesting opportunities

Following July's fun and games in the U.S. bond market, a number of investors are beginning to ask themselves if the long running bull market in bonds has finally come to a juddering halt. Already there are signs that smart managers are shifting their focus away from traditional fixed income arbitrage towards credit, high yield and directional strategies.

For the time being, however, most are simply grateful that they survived the turbulent conditions in July, which was one