February 2022 / WEBINAR
Webinar Replay: Fixed Income 2022: Nowhere to Hide?
Why fixed income needs a fresh approach
2022 may be remembered as the year the Fed took away the punchbowl but there are more factors at play which will make this year one of the most challenging fixed income environments. Not only are central banks hiking rates and reducing asset purchases, fiscal policies will tighten and China is unlikely to pursue a massive stimulation, leading to a negative global impulse. Why does this matter? Thanks to central banks’ actions over the past two years, credit valuations and interest rates are remarkably rich given the not-so-transitory inflation, labor and supply chain issues. As central banks remove the accommodation, expect tighter liquidity conditions, higher volatility, higher interest rates and changing bond-equity correlations. Fixed income investors have had two years to prepare for this moment.
Are you ready?
This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.
The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.
Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.
The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.
It is not intended for distribution to retail investors in any jurisdiction.
February 2022 / GLOBAL FIXED INCOME
February 2022 / INVESTMENT INSIGHTS