M&G’s Chorlton Says Value Has Returned to Fixed Income
Andy Chorlton, M&G’s chief investment officer for fixed income, said higher bond yields have improved the appeal of fixed-income assets after years of poor returns. He told Bloomberg Television that 10-year real yields in the United States and United Kingdom were about 2% positive, describing that as a starting point for an asset class he considers relatively low risk.
Andy Chorlton, chief investment officer for fixed income at M&G, said the recent rise in bond yields has made fixed income more attractive after years of poor returns.
“Real yields are positive,” Chorlton told Bloomberg Television. He said 10-year real yields in the United States and the United Kingdom were about 2% positive.
Chorlton described those yields as a starting point for what he considers a relatively low-risk asset class compared with other investments.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What assumptions underpin the comparison between fixed income and other investments as low risk?
How durable are the current real-yield levels?
What risks could weaken the renewed appeal of bonds?
How might investors’ choices change if bond yields fall again?
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GLOBAL CURIOSITY MAP · AUGUST 2026