The Big Question: Part II: Where are the best opportunities in fixed income today?

Nick Gartside global fixed income CIO, J.P. Morgan Asset Management   Emerging markets Developed market economic growth keeps ratcheting higher, as emerging markets continue to stutter. Inflation remains largely benign in developed markets whereas, in emerging markets, inflation expectations are being driven up, particularly as currencies depreciate. Given this backdrop, the positive performance of bonds (outperforming stocks so far this year), has been a surprise. The extent of re-pricing seen in 2013 has become clear, and fixed income is now much more of a two-way market with s...