Bond markets have been on a rollercoaster in 2025. Yields have yo-yo’d, and credit spreads have blown out and snapped back as tariff tensions and geopolitical shifts fuel uncertainty. Against this backdrop, key questions loom: What lies ahead for inflation, rates and consumer sentiment?  Where are the vulnerabilities – by region, by sector and in the real economy? With volatility unlikely to dissipate any time soon, it’s an ideal time to reassess credit positioning and…