James McAlevey, Head of Global Aggregate and Absolute Return took to the stage in February 2026 at the Markets Summit to present his keynote speech, “A New World of Price‑Sensitive Demand for Fixed Income.”
View the highlight video below.
For more than two decades, central‑bank purchases have insulated global bond markets, producing low volatility, flat yield curves and compressed credit spreads that made defensive fixed income a portfolio staple.
That price‑insensitive back‑stop is now vanishing, ushering in an era where bond prices will react sharply to supply‑demand dynamics and fiscal realities. James warns that high‑quality sovereign and corporate bonds will face a markedly different risk‑return profile, compelling investors to rethink duration, credit quality and active‑management approaches.
This shift calls for more active portfolio construction, tighter risk budgeting, and the pursuit of absolute‑return or sector‑tilt opportunities that thrive in a price‑sensitive environment.
Watch the full 16 minute video via the link below.
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