Varying macro risks indicate global divergence
As indicated by China’s surprise interest-rate cut, global markets offer a variety of macroeconomic conditions and opportunities for active bond investors.
As indicated by China’s surprise interest-rate cut, global markets offer a variety of macroeconomic conditions and opportunities for active bond investors.
Around the world central bank interest-rate policies have diverged to address different challenges, including the eurozone debt crisis, but efforts in the United States, Europe, and Japan to hold short-term rates low could cause movement in long-term interest rates.
Bond markets in Europe and emerging markets face a host of challenges in the years ahead.
Market volatility and other factors influenced positioning of Putnam Diversified Income Trust.