/perspectives/media/right-now-the-fixed-income-story-is-a-good-one

“Right Now, the Fixed-Income Story is a Good One”

Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joined CNBC in Davos to discuss her outlook for Federal Reserve (Fed) policy, the coming recession, and the positive backdrop for bonds.

January 18, 2023

 

 

Key Takeaways:

  • Quantitative tightening (QT) should cause a recession to begin midyear 2023.
  • Investors should factor balance sheet reduction in addition to rate hikes into their QT timelines.
  • There is a risk of a more prolonged and deeper recession, based on the likelihood that the Fed will overshoot.
  • The Fed has put the ‘income’ back in fixed income.
  • We believe higher quality fixed income is well positioned to outperform in this environment.


Read Macro Alert: Inflation Release Adds to Good News for the Fed…and Bonds

 


FEATURED PERSPECTIVES

May 16, 2023

Second Quarter 2023 Fixed-Income Sector Views

Opportunity in fixed income rises with uncertainty.

April 18, 2023

The Pre-Recession Playbook for Up in Quality

An opportunity for active management.

March 20, 2023

A Not-So-Funny Thing Happened on the Way to the Terminal Rate

The Fed’s next move and beyond.


VIDEOS AND PODCASTS

2022’s Upside: The Fed Has Put the Income Back in Fixed Income 

2022’s Upside: The Fed Has Put the Income Back in Fixed Income

Anne Walsh, Chief Investment Officer for Fixed Income at Guggenheim Investments, joined Asset TV to discuss macroeconomic conditions, risk, and relative value in the bond market.

Macro Markets Podcast 

Macro Markets Podcast Episode 34: Risk/Reward in High Yield/Bank Loans

Tom Hauser, Co-Head of Corporate Credit, discusses his current views on opportunity in leveraged credit. Economist Paul Dozier updates on the latest economic data.







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