Conservative investors who want the greater capital security of bonds can now lock in 5% but they should stay at the higher end of credit quality. Rises in rates and defaults mean it's not as easy as it looks.
Morningstar analysts expect a tight market and high oil prices to persist in the short run as the Ukraine war continues, but 2024 could see a shift in the dynamic.
Russia's Ukraine invasion poses potent risks to life and limb, and the financial fallout highlights what can happen when several other types of risk combine.