The past 18 months have seen global inflation soar and interest rates rise to counteract it.
As many central banks are at, or approaching, peak rates, the expectation is that inflation will continue to come down to reach governments' targets.
In the UK, this is set at 2 per cent, and although rates have now risen to 5.25 per cent, the Bank of England paused in its rate-rising cycle in September, thanks to better-than-expected inflation data, signalling a downward trend.
But while base rate rises may be bad news for people on the cusp of remortgaging, it is good news for both cash savers and those investing in fixed income.
In September, UK bond yields continued their recent upward march, rising 0.1-0.2 per cent at the end of September (a little behind their summer peak) while 10-year US Treasury yields hit a new high of 4.6 per cent.
So what should bond investors and their advisers make of this new-found attractiveness for fixed income?
The CPD feature that follows aims to explain some of the factors that might attract and affect clients.
Click on the image above to read the CPD feature, written by freelance Imogen Tew, and then complete the questions below.
