Questions abound around inflation, interest rates, trade disruption - and beneath it all, fixed-income and derivatives markets adapting at speed. With Treasury auctions stirring unease and a dramatic shift in how global investors are positioning, it's no surprise that bonds and derivatives are back in focus. But the questions are bigger than just "what and where to buy." They're about what tools to use, which risks to hedge and how to think long-term while volatility dominates the conversation.