JoAnne Bianco sees opportunities in corporate bonds, private credit, shorter duration, and emerging markets as elevated Treasury yields create attractive entry points. She argues income should drive fixed income returns rather than trying to forecast rates, with the ten-year Treasury at 19-year highs punishing longer duration holdings. Bianco also highlights strong bond ETF inflows surpassing $460 billion on track for a record year, and points to a floating rate CLO fund yielding above 7% as a top performer with low volatility.