Putnam Perspectives

Research insights from active investors

Posts by: D. William Kohli

Markets put macro risks in perspective

Since the 2008 market dislocation, fixed-income investors have been prone to anticipate another major macroeconomic crisis, but there are signs developing that macro risks may be easing and more...

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The risk in low rates

Despite the uncertain macroeconomic environment, we continue to believe that a strategy that relies on rates declining further to drive returns is a risky proposition. At current levels, interest...

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