Fixed-income investors face greater risks from inflation than deflation, warns iShares

Hot air balloon
Fixed-income yield performs a vanishing act

Fixed-income investors have been left with the difficult choice of moving further out on the risk curve or accepting lower yields, says a strategist at iShares, the exchange-traded funds (ETF) subsidiary of BlackRock.

"It is a mistake to seek incremental yield in the form of longer duration," says Russ Koesterich, global chief investment strategist at iShares in London. "While yields could certainly go lower in the event of another crisis or a sustained bout of deflation, long-term there is a gr

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