This week, at Bourse, Sarodh Ramkhelawan reviews the local and international bond markets at the halfway point of 2022. While changes were relatively sparse across the local fixed income landscape, international geopolitical tensions, supply chain disruptions and aggressive global interest rate hikes – by the US Federal Reserve (Fed) and others – have dramatically changed the landscape for USD bond investors. With further rate hikes scheduled and no resolutions in sight for factors stoking inflationary pressures, how can investors adapt in the months ahead?