The fixed income landscape is evolving, with higher yields, shifting credit market dynamics, and ongoing volatility creating new opportunities for investors. In this Canadian Family Offices article, Liam O’Sullivan discusses why family offices should reassess their fixed income allocations and how an active, selective approach to credit can help investors navigate changing market conditions.

As we begin the fourth quarter of 2026, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

Government bond yields rose sharply in Q3, creating short-term pressure on fixed income returns but improving the opportunity ahead. With yields at significantly more attractive levels and greater dispersion across credit markets, we believe the current environment offers a compelling entry point for investors and greater opportunities for active managers to capitalize on market inefficiencies.