0506 GMT - Lazard Asset Management​ sees the recent rise in long-end government bond yields less as a selloff and more as a repricing of fiscal risks, "in other words, as a structural adjustment rather than a break in the trend," says ​Michael Weidner,​ co-head of global fixed income. Fundamentally, bonds currently offer attractive return profiles, particularly in real terms, he says. Despite high energy prices, neither current inflation trends nor the outlook point to strong upward pressure, suggesting that market participants can expect solid real yields​, he says.