Trends have corroborated the view that the impact of Omicron has proved milder on the economy than its predecessors. Indeed, the impact has been sharp but shorter lived than other variants. As some economies start to bounce back, we can assume that inflation, and its impact on rates policy for critical central banks, will remain in the headlines and contribute to volatility. In the present moment we must deal with inflation and, apart from favouring floating rate instruments for starters, what other action can we take as investors? Learn what challenges our fixed income team see arising in the markets and how the expectations they formed a few months ago are challenged in the present environment.