There will be no shortage of volatility in the new year — making expert knowledge even more critical for navigating fixed income markets.

That’s according to the world’s top providers of fixed income, who are seeing the upcoming challenges as opportunities.

“While the correlation of markets was high this year, we think that the dispersion of performance across markets will increase this year, driven by how different economies evolve,” said Hussein Malik, co-head of global research at JPMorgan Chase & Co. “We expect this divergence to appear both across developed and emerging market economies, as well as between high grade and higher yielding debt markets.”

JPMorgan has once again topped Institutional Investor’s annual Global Fixed Income Research Team, based on a survey of 6,040 investment professionals at 1,650 institutions across the U.S., Europe, Latin America, Asia, and emerging EMEA.

The past year has seen significant macro events, shifting market sentiment, and high correlations across asset classes, according to Marko Kolanovic, chief global markets strategist and co-head of global research at JPMorgan.

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