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Opportunities and Risks in a Low-Yield World

Why fixed income investors should look beyond current yield levels.

Arif Husain, Head of International Fixed Income
T. Rowe Price,  September 2020

Key Insights

  • Value remains in government bonds while central banks provide support through bond‐buying programs.
  • Opportunities exist in high yield and securitized credit, while investment‐grade corporates look fairly valued.

  • Security selection and an ability to remain flexible are likely to be key drivers for future performance.

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