Advisers say fixed income still has a place in a diversified portfolio, despite a global bond market rout. As yields rise and prices fall, investors are questioning the role of bonds in their holdings. Financial planners emphasize that bonds provide stability and income, acting as a buffer against stock market volatility.

They recommend sticking to a long-term allocation strategy rather than reacting to short-term price swings. Diversification across bond types—such as government, corporate, and municipal—and maturities can help manage risk. Advisers also suggest considering shorter-duration bonds to reduce sensitivity to interest rate changes.

While the current environment is challenging, abandoning fixed income entirely could leave portfolios exposed to equity downturns. The key is maintaining discipline and rebalancing periodically to target weights.