Higher bond yields in an era of abundant supply

Robeco’s fixed income team examines how higher yields, heavy issuance and resilient growth are reshaping opportunities across rates, credit and emerging-market debt.

• High starting yields improve return potential, but persistent inflation and hawkish central banks limit conviction on broad duration.
• Rising sovereign, utility and AI-related corporate issuance is weakening technical support for credit and increasing the importance of quality and shorter spread duration.
• Emerging-market debt still offers attractive carry, but higher energy prices, a firm dollar and tighter global conditions favour selective positioning.

Explore the full report for Robeco’s preferred fixed-income positioning across markets.