Amid recent stock market turmoil, investors are increasingly turning to bonds, pulling yields to their lowest level in over a year. The shift comes as recession fears replace inflation concerns, with fixed income assets serving as a hedge against market chaos. Despite a surge in the VIX to pandemic levels, credit spreads have remained stable, prompting debate over whether the bond market is underestimating recession risks. The volatility in bond prices over the past month has raised questions about the future of fixed income markets.