Core fixed income allocation, usually comprising high-quality government and corporate bonds, has played a relevant role in diversified portfolios over the last few decades. In a 30-year bull market for bonds, this allocation has been a stable source of performance; it has, for a long time, provided attractive income and helped to limit the overall portfolio drawdowns. Investors now stand at a crossroads: changes in CB monetary stances are resulting in the end of the easy money era driven by excess market liquidity. While fixed income allocation remains key to diversifying overall risk exposure in a balanced portfolio, especially at a time of rising market volatility, we believe it is time for investors to rethink their investment approaches in order to deal with the possible scenarios ahead.