The fixed-income risks that we favor
We see more attractive fixed income risks outside of interest rates, in part because U.S. economic growth may warrant more rate hikes by the Fed.
We see more attractive fixed income risks outside of interest rates, in part because U.S. economic growth may warrant more rate hikes by the Fed.
While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.
A recent public spending plan in China suggests authorities may be revisiting old habits.
The importance of the Barclays U.S. Aggregate Bond Index in the investment world might outweigh the attractiveness of its risk and reward profile.
Putnam’s fixed-income research finds opportunities in several sectors of the securitized market offer the potential for low correlations with other areas of the bond market.
Despite the end of QE3 and other sources of risk, Putnam’s market outlook sees attractive potential in stocks and in our diverse fixed-income strategies.
In recent posts, we have approached the problem of the outlook for interest rates by outlining the questions that surround the potential growth rate of the U.S. economy. It is established that this rate is heavily influenced by conditions in the labor market. New workers are joining the labor force at a slower pace than
While the European Central Bank has made progress, we believe, on managing near-term liquidity risk, long-term structural issues remain.
The level of market distress surrounding global macro risks has declined in the latter half of 2012, helping sentiment and trading conditions in fixed-income markets return to more normal levels similar to those seen before the 2008 financial crisis.