Insights Webinar

Webinar Replay: Fixed Income 2022: Nowhere to Hide

February 01 2022

Arif Husain, CFA®, Head of International Fixed Income and CIO

Get the full story.

We’re ready to share our latest thinking, but industry regulations require you to register or sign in to continue reading this article. Thank you for understanding.

Just one more step.

To continue, you are required to read and accept our Terms & Conditions. Thank you for understanding.

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?

Arif Husain, Head of International Fixed Income, discussed a fresh approach to these issues, highlighting the importance of significant active duration management and creative ways to preserve capital and diversify risky assets.

Get the full story.

We’re ready to share our latest thinking, but industry regulations require you to register or sign in to watch.

Just one more step.

To continue, you are required to read and accept our Terms & Conditions. Thank you for understanding.

Important Information

This material is provided for informational purposes only and is not intended to be investment advice or a recommendation to take any particular investment action.

This information is not intended to reflect a current or past recommendation concerning investments, investment strategies, or account types, advice of any kind, or a solicitation of an offer to buy or sell any securities or investment services. The opinions and commentary provided do not take into account the investment objectives or financial situation of any particular investor or class of investor. Please consider your own circumstances before making an investment decision.

The views contained herein are those of the authors as of February 1, 2022 and are subject to change without notice; these views may differ from those of other T. Rowe Price associates.

Past performance is not a reliable indicator of future performance. All investments are subject to market risk, including the possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.

T. Rowe Price Investment Services, Inc. Distributor

Choose a site

Localization Settings

Current Selection

Americas

Asia Pacific

Europe

Search

Account

Products

Mutual Funds

Separately Managed Accounts (SMAs)

Model Portfolios

Exchange-Traded Funds (ETFs)

Collective Investment Trusts (CITs)

Alternatives

Resources

Capabilities

Insights

Portfolio Construction

Practice Management

About

Get the full story.

Just one more step.

Get the full story.

Just one more step.

Contact Us

Preferred Website

You are currently logged in to multiple T. Rowe Price websites.