Where are the last pockets of value in fixed income?

Ariel Bezalel manager, Jupiter Strategic Bond fund   Niche areas With the US Federal Reserve taking something of a ‘the dollar is our currency, but your problem' approach to tapering quantitative easing, we remain mindful of the downside risks in bond markets, despite the recent flight to safety. As such, the portfolio continues to have a relatively low duration, which we are balancing with selective opportunities in high yield bonds. These are predominately in Europe where interest rates are low, the European Central Bank is seeking to improve credit conditions in the banking sec...