Convertible Bonds have been the best performing Fixed Income asset class over the past 3, 5, 10 and 20 years. Given their underlying equity option, Convertible bonds can provide a unique risk/reward profile to a Fixed Income allocation, as shown in the PDF link below:
Convertible Bond 2022 Review and 2023 Outlook
The S&P 500 Index, along with most other market indices, rose during the first day