Putnam U.S. Government Income Trust tag

Agency securities feel impact of Fed policy

For both agency securities and non-agency issues, the Fed’s bond-purchasing programs have had a major effect on prices and spreads.

Fixed income Macroeconomics

U.S. bond opportunities still stack up

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, the United States continues to be among the most attractive developed bond markets for investors.