Global Fixed Income Compass

Knowledge. Shared

Quarterly insight from our fixed income teams to help clients navigate the markets and opportunities ahead.

Key Takeaways

  • Markets are eager to price in another Goldilocks period, but the ability to navigate the narrow course where growth and inflation are just right will be extremely difficult.
  • Absent a policy mistake by the Fed, the odds of recession in 2019 appear low; however, we are mindful of factors that may tip the balance in 2020.
  • While rates are low, fixed income still offers diversification benefits to a portfolio, particularly as the cycle progresses.

Have We Returned to a Goldilocks Economy?
By Jim Cielinski, Global Head of Fixed Income

Global Bonds

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Co-Head of Global Bonds Nick Maroutsos explains why investors should be mindful of where they hold duration exposure in light of a flattening yield curve.

U.S. Fixed Income

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The U.S. Fixed Income team discusses how the Fed’s newfound patience could help stabilize the U.S. economy and extend the economic and credit cycles.

Strategic Fixed Income

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Jenna Barnard, Co-Head of Strategic Fixed Income, explains how and why so many major central banks have been wrong-footed on economic growth in their countries and around the globe.

Corporate Credit

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Co-Head of Global Credit Research John Lloyd and Credit Analyst Brad Smith explain how shifting consumer habits are shaking up the food and beverage industry, creating the need for a selective approach when owning these traditionally defensive names.

Janus Henderson Fixed Income provides active asset management solutions to help clients meet their investment objectives. Over the past four decades, our global investment teams have developed a wide range of product solutions to address our clients’ varied and evolving needs. From core and multi-sector investing to more focused mandates, we offer innovative and differentiated techniques expressly designed to support clients as they navigate each unique economic cycle. The capabilities of these teams are available through individual strategies or combined in custom-blended solutions.

While shared knowledge across teams and regions encourages collaboration and the debate of investment ideas, our investment teams are not bound by a top-down house view. Instead, each team retains a defined level of flexibility within a disciplined construct. Our portfolio construction processes are governed by a rigorous risk management framework with the intent of delivering stronger risk-adjusted returns. Further, we believe transparency is the foundation of true client partnerships; we seek to earn and maintain our clients’ confidence by delivering robust and repeatable investment processes and by providing firsthand insights from our investment professionals.

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