Post by Principal Asset Management

Recapping last week's Morningstar Investment Conference: Joshua Rank and Michael Goosay led our Meet the Manager session, sharing perspectives on navigating today's fixed income landscape. Three takeaways: ➡️Income is back at the center of fixed income investing – Higher rates and attractive all-in yields are restoring fixed income’s role as a meaningful income generator. ➡️ A resilient backdrop supports credit – A steady labor market and consumer strength continue to underpin corporate health and earnings stability. ➡️ Selectivity matters more than ever – As spreads remain tight and risks shift to issuer specific factors, active positioning is key. Together, these dynamics reinforce the importance of active, income-focused fixed income positioning today.