We continue to be cautiously optimistic on the U.S. economy, which has been gradually improving. Clearly, there are a number of long-term fiscal issues that the federal government needs to address, including entitlement spending and the debt load overall. Nevertheless, … Continue reading
Posts By: Michael V. Salm
Short-term income securities have attracted interest in recent months from investors seeking opportunities in a moderately growing U.S. economy, but concerned about risk spreading from Europe’s banking sector.
Putnam Short Duration Income Fund’s Portfolio Manager Michael Salm explains the objective of the fund. Continue reading
Despite a weak housing market, asset-related securities can offer attractive fundamental value. Continue reading
On the heels of the Lehman Brothers bankruptcy in late 2008, the U.S. Treasury and Federal Reserve Board (the “Fed”) rolled out a number of unprecedented programs designed to inject liquidity into the financial system. The mortgage purchase program began … Continue reading