Global Fixed Income Compass

Knowledge. Shared

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

Key Takeaways

  • Moving beyond ‘peak liquidity’ will define markets in 2019
  • Politics elevates the probability of ‘bi-modal’ outcomes
  • Late-cycle corrections are creating value in selected areas
  • The yield curve signals a slowdown but not necessarily a recession

Setting the Stage for 2019
By Jim Cielinski, Global Head of Fixed Income

U.S. Fixed Income

Darrell Watters headshot | Head of U.S. Fixed Income | Janus Henderson Investors

Portfolio Managers Darrell Watters and Mike Keough identify signs that the credit cycle has turned and highlight what to watch in the year ahead.

Global Bonds

Nick Maroutsos | Investment Team | Janus Henderson

Nick Maroutsos explains why the Fed will likely not meet its 2019 interest rate forecast and ways investors can position themselves for a more subdued rate path.

Strategic Fixed Income

470x320_JohnPattullo_Web_Center_Bio

John Pattullo, Co-Head of Strategic Fixed Income, discusses the range of factors that he believes indicate that current inflation is more cyclical than structural.

Corporate Credit

Seth Meyer | Investment Team | Janus Henderson

Credit managers Seth Meyer, Tom Ross and Thomas Hanson contrast the current backdrop for high yield with previous tightening cycles, indicating that dispersion can be the friend of the active investor.

Janus Henderson Fixed Income provides active asset management solutions to help our 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 our 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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