Eric Jacobson, Morningstar’s senior principal for fixed-income strategies, discusses changes in the bond market on The Long View. He highlights the challenges of being tactical with bonds and why timing is difficult. Investors were caught off guard in 2022 due to rising yields and central bank responses to inflation. Jacobson explains the risks of going passive in fixed income and the limitations of index exposure.

Read more at Morningstar: Is Going Passive in Fixed-Income a Mistake for Investors?