T. ROWE PRICE FIXED INCOME

50 years of investing in fixed income


 

When T. Rowe Price founded its fixed income division in 1971, the world was a very different place. The term “emerging markets” had not yet been coined, the first junk bond boom was a decade away, and for most investors the only tools in the fixed income toolkit were domestic government bonds. In the five decades that followed, our bond expertise evolved as fast as the markets did.

Over the years, we have navigated multiple market crises and followed new asset classes as they grew from infancy. When we talk about T. Rowe Price’s “deep expertise”, we’re referring to that institutional memory, and the sound judgment born of long experience. Join our investment professionals as they reflect on their own careers, the evolution of their asset classes – and lessons for the future.

 

 

Three fixed income leaders reminisce

Watch as Mark Vaselkiv - CIO of Fixed Income, Cheryl Mickel – Portfolio Manager, and Mike Conelius – former Head of Emerging Markets Debt, share their memories of 30 years in the business, challenges faced, and lessons learned.

Everything we've learned goes into your portfolio

How do you measure 50 years?

The milestones of our fixed income journey - watch the video

For illustrative purposes only. This document is provided historical purposes only.

 

BROCHURE

Take a trip to 1975

Our first fixed income brochure

The world in 1971

 

As we were setting up our first fixed income team in Baltimore (comprising two people), the world was a rapidly changing place and far reaching events were underway, including...

  • Apollo 14 Moon landing
  • US May Day Protests against Vietname war
  • Suspension of Gold Standard
  • Nasdaq opened
  • China admitted to United Nations
  • Start of North Sea oil production in Norway
  • First single-chip microprocessor introduced by Intel

Looking back, looking forward

Reflections from our investment professionals

December 2021 / Fixed Income

'Shoulda, woulda, coulda'

'Shoulda, woulda, coulda'

'Shoulda, woulda, coulda'

After 33 years in T. Rowe Price Fixed Income, Mark Vaselkiv talks about what he’s learned and – with hindsight – what he’d do differently.

By Mark Vaselkiv

Mark Vaselkiv Chief Investment Officer, Fixed Income

December 2021 / Fixed Income

Serbia and the mystery of the 747s

Serbia and the mystery of the 747s

Serbia and the mystery of the 747s

Samy Muaddi took his customary route to Belgrade, embarking in London and changing in Vienna. Learn about our adventures in sovereign research.

By Samy Muaddi

Samy Muaddi Portfolio Manager

October 2021 / Fixed Income

Exploiting the life cycle of an EM opportunity

Exploiting the life cycle of an EM opportunity

Exploiting the life cycle of an EM opportunity

In 50 years of fixed income investing, we’ve watched a succession of new markets develop from their infancy.

By Peter Botoucharov

Peter Botoucharov Emerging Market Credit Analyst

Experience in action

We're experts in global fixed income. Through active management, world-class research, true collaboration and a risk management focus we’re your global fixed income experts.

Investment strategies that have stood the test of time

Want to know more about our global fixed income capabilities?

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