Bonds Are Back? What Rising Yields Mean for Investors
Research and analysis on fixed-income markets in a rising-yield environment
Bond yields have risen notably in 2026, prompting many investors to reassess their fixed-income positioning. Morningstar's latest manager research compares how the current higher-yield environment the 2022 rate cycle; examines where opportunities may lie across fixed-income categories; and looks at where active managers have historically added value during periods of interest-rate volatility.
The report also highlights Gold-, Silver-, and Bronze-rated flexible bond funds, highlighting which strategies may warrant closer consideration given current market conditions.