2023 to be most promising for bonds in over a decade-Goldman AM

LONDON (Reuters) – The year ahead is shaping up as the most promising for fixed income in over a decade, Gurpreet Gill, macro strategist, global fixed income at Goldman Sachs (NYSE:) Asset Management said on Tuesday.

Speaking at the Edelman Smithfield Investor Summit in London, Gill said valuations in fixed income markets were looking more appealing than they were a year ago and this included emerging markets and corporate bonds.

“We think it makes sense to be in high quality short duration assets, in agency mortgage-backed securities markets in the U.S.,” she said.

Government bond and corporate debt markets have taken a beating this year as inflation surged and central banks jacked up interest rates in response.

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