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Fixed Income Insights

Markets remain at a crossroads.
Discover how to navigate a flexible path forward.

Monthly Fixed Income Credit Sector Views

Cutting a Path

T. Rowe Price’s Saurabh Sud goes where the credit opportunities take him.

Fireside Chat Video Series

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May 2023 / VIDEO

Medical Technology Industry Well-Positioned Post-Covid

Medical Technology Industry Well-Positioned Post-Covid

Medical Technology Industry Well-Positioned...

By Mitchell Unger

Mitchell Unger Credit Analyst

May 2023 / FIXED INCOME

Rates Volatility to Continue as Economic Outlook Evolves

Rates Volatility to Continue as Economic Outlook Evolves

Rates Volatility to Continue as Economic...

We expect a relatively mild U.S. recession, not a steep downturn.

By Andrew McCormick

Andrew McCormick Head of Global Fixed Income and CIO

April 2023 / GLOBAL FIXED INCOME

Currency Hedging Can Boost Yields and Reduce Volatility

Currency Hedging Can Boost Yields and Reduce Volatility

Currency Hedging Can Boost Yields and Reduce...

Interest rate differentials have created some compelling opportunities.

By Kenneth A. Orchard

Kenneth A. Orchard Portfolio Manager

April 2023 / FIXED INCOME

Smoothing the Ride for Credit Allocations

Smoothing the Ride for Credit Allocations

Smoothing the Ride for Credit Allocations

Dynamic Credit Strategy offers a flexible, differentiated approach.

Saurabh Sud Portfolio Manager

April 2023 / FIXED INCOME

Yield With Caution: Selectively Navigating Today’s Credit Markets

Yield With Caution: Selectively Navigating Today’s Credit Markets

Yield With Caution: Selectively Navigating...

March 2023 / GLOBAL FIXED INCOME

Financial Authority Plans to Replace LIBOR Are Nearing Completion

Financial Authority Plans to Replace LIBOR Are Nearing Completion

Financial Authority Plans to Replace LIBOR...

Update on the USD LIBOR transition from T. Rowe Price.

By Predrag Rogic & Douglas Spratley

By Predrag Rogic & Douglas Spratley

February 2023 / FIXED INCOME

Perspectives on Securitized Credit

Perspectives on Securitized Credit

Perspectives on Securitized Credit

Fourth Quarter 2022

By Christopher P. Brown & Ramon de Castro

By Christopher P. Brown & Ramon de Castro

February 2023 / FIXED INCOME

Russia-Ukraine War One Year On

Russia-Ukraine War One Year On

Russia-Ukraine War One Year On

Ongoing war continues to reverberate through the economy and energy markets.

By Razan Nasser & Peter Botoucharov

By Razan Nasser & Peter Botoucharov

January 2023 / MULTI-ASSET SOLUTIONS

A New Dollar Smile: Where Next for the U.S. Dollar?

A New Dollar Smile: Where Next for the U.S. Dollar?

A New Dollar Smile: Where Next for the U.S....

Our analysis shows the U.S. dollar is at risk of weakening.

By Multiple Authors

By Multiple Authors

January 2023 / GLOBAL FIXED INCOME

Global Impact Credit—One Year On

Global Impact Credit—One Year On

Global Impact Credit—One Year On

Reflecting on a year of impact investing and what’s next.

By Matthew Lawton

Matthew Lawton Portfolio Manager

December 2022 / U.S. FIXED INCOME

Securitized Credit Continues to Evolve

Securitized Credit Continues to Evolve

Securitized Credit Continues to Evolve

Post-GFC rules have toned down risk, but careful analysis is key.

By Jean-Marc Breaux, Ramon de Castro & Evan Shay

By Jean-Marc Breaux, Ramon de Castro & Evan Shay

November 2022 / IMPACT INVESTING

Impact Investing in Credit: Debunking Four Common Misconceptions

Impact Investing in Credit: Debunking Four Common Misconceptions

Impact Investing in Credit: Debunking Four...

By Matthew Lawton & Benji Baxter

By Matthew Lawton & Benji Baxter

October 2022 / U.S. FIXED INCOME

Case for a Strategic Allocation to High Yield Bonds

Case for a Strategic Allocation to High Yield Bonds

Case for a Strategic Allocation to High Yield...

Hybrid characteristics provide attractive risk/reward profile.

By Kevin Loome & Ashley Wiersma

By Kevin Loome & Ashley Wiersma

October 2022 / VIDEO

Video Series: Bonds, Down but Not Out

Video Series: Bonds, Down but Not Out

Video Series: Bonds, Down but Not Out

By Christopher P. Brown & Anna Dreyer

By Christopher P. Brown & Anna Dreyer

October 2022 / U.S. FIXED INCOME

Finding Opportunities in Evolving Fixed Income Markets

Finding Opportunities in Evolving Fixed Income Markets

Finding Opportunities in Evolving Fixed Income...

Flexible multi-sector approach is essential as markets shift.

By Christopher P. Brown & Anna Dreyer

By Christopher P. Brown & Anna Dreyer

August 2022 / VIDEO

Dynamic Global Bond: The Anchor for Investors' Portfolios

Dynamic Global Bond: The Anchor for Investors' Portfolios

Dynamic Global Bond: The Anchor for Investors'...

By Amanda Stitt

Amanda Stitt Portfolio Specialist

August 2022 / U.S. FIXED INCOME

Turmoil Creates Opportunity for Short Duration Bonds

Turmoil Creates Opportunity for Short Duration Bonds

Turmoil Creates Opportunity for Short Duration...

Fed hikes have pushed up yields on lower-risk bond allocations.

By Multiple Authors

By Multiple Authors

July 2022 / U.S. FIXED INCOME

Looking Beyond Short-Term Inflation Pressure in TIPS

Looking Beyond Short-Term Inflation Pressure in TIPS

Looking Beyond Short-Term Inflation Pressure...

Rapid Fed tightening makes interest rate risk management key.

By Mike Sewell & Blerina Uruçi

By Mike Sewell & Blerina Uruçi

July 2022 / U.S. FIXED INCOME

Attractive Income Bolsters High Yield Bonds

Attractive Income Bolsters High Yield Bonds

Attractive Income Bolsters High Yield Bonds

Recent downturn may also offer price appreciation opportunities.

By Kevin Loome & Ashley Wiersma

By Kevin Loome & Ashley Wiersma

July 2022 / GLOBAL ECONOMY

Economic Headwinds Are Proving Stronger Than Expected

Economic Headwinds Are Proving Stronger Than Expected

Economic Headwinds Are Proving Stronger Than...

The challenges facing the global economy will not abate soon.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

June 2022 / GLOBAL FIXED INCOME

Plans to Replace LIBOR Are Nearing Completion

Plans to Replace LIBOR Are Nearing Completion

Plans to Replace LIBOR Are Nearing Completion

Update from T. Rowe Price on the USD LIBOR transition.

By Predrag Rogic & Douglas Spratley

By Predrag Rogic & Douglas Spratley

June 2022 / FIXED INCOME

Analyzing the Case for Asia Credit Bonds

Analyzing the Case for Asia Credit Bonds

Analyzing the Case for Asia Credit Bonds

An attractive combination of risk and return.

By Sheldon Chan

Sheldon Chan Portfolio Manager

June 2022 / FIXED INCOME

Evaluating ESG Bonds—What's Behind the Label

Evaluating ESG Bonds—What's Behind the Label

Evaluating ESG Bonds—What's Behind the Label

Greenwashing risks underpin importance of assessing an ESG bond’s credentials.

By Matthew Lawton

Matthew Lawton Portfolio Manager

June 2022 / VIDEO

Consumers are Financially Strong, But Inflation Looms

Consumers are Financially Strong, But Inflation Looms

Consumers are Financially Strong, But Inflation...

By Pranay Subedi

Pranay Subedi Credit Analyst

For More Powerful Insights

May 2023 / FIXED INCOME

Inside the Engine Room of EM Local Currency Debt

Inside the Engine Room of EM Local Currency Debt

Inside the Engine Room of EM Local Currency...

A potentially rewarding asset class.

By Nathan Wang & Wenting Shen

By Nathan Wang & Wenting Shen

May 2023 / GLOBAL FIXED INCOME

Volatility Brings Opportunity in Fixed Income

Volatility Brings Opportunity in Fixed Income

Volatility Brings Opportunity in Fixed Income

Rates offer alpha opportunities, dollar at risk of depreciation.

By Arif Husain, Scott Solomon & Quentin S. Fitzsimmons

By Arif Husain, Scott Solomon & Quentin S. Fitzsimmons

May 2023 / GLOBAL FIXED INCOME

Foundations of Emerging Markets Bond Investing

Foundations of Emerging Markets Bond Investing

Foundations of Emerging Markets Bond Investing

Four‑part anchoring framework fundamental to debt sustainability.

Samy Muaddi Head of Emerging Markets

May 2023 / FIXED INCOME

Perspectives on Securitized Credit

Perspectives on Securitized Credit

Perspectives on Securitized Credit

First Quarter 2023

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

By Christopher P. Brown, Ramon de Castro & Jean-Marc Breaux

May 2023 / GLOBAL FIXED INCOME

The Art of Actively Managing Interest Rate Risk

The Art of Actively Managing Interest Rate Risk

The Art of Actively Managing Interest Rate...

With volatility likely to persist, an active approach remains critical.

By Amanda Stitt

Amanda Stitt Portfolio Specialist

April 2023 / GLOBAL FIXED INCOME

What Is Next for the AT1 Bond Market?

What Is Next for the AT1 Bond Market?

What Is Next for the AT1 Bond Market?

Credit Suisse write‑down does not spell the end of this market.

By Rob Thomas & Bineesha Wickremarachchi

By Rob Thomas & Bineesha Wickremarachchi

April 2023 / ENVIRONMENTAL, SOCIAL, AND GOVERNANCE

How Climate and Biodiversity Considerations Are Driving Credit Risk

How Climate and Biodiversity Considerations Are Driving Credit Risk

How Climate and Biodiversity Considerations...

Role for investment industry in creating innovative financing solutions.

By Tongai Kunorubwe & Penny Avraam

By Tongai Kunorubwe & Penny Avraam

April 2023 / INVESTMENT INSIGHTS

How Our Strategies Generated More Return, More Often

How Our Strategies Generated More Return, More Often

How Our Strategies Generated More Return,...

March 2023 / FIXED INCOME

When Markets Twist and Turn, Flex Your Fixed Income

When Markets Twist and Turn, Flex Your Fixed Income

When Markets Twist and Turn, Flex Your Fixed...

Five bond strategies to help investors navigate evolving markets.

February 2023 / FIXED INCOME

The Importance of Additionality in Impact Investing

The Importance of Additionality in Impact Investing

The Importance of Additionality in Impact...

Additionality can accelerate and strengthen impact investing.

By Matthew Lawton

Matthew Lawton Portfolio Manager

February 2023 / FIXED INCOME

Taking Another Look at Securitized Credit

Taking Another Look at Securitized Credit

Taking Another Look at Securitized Credit

Fundamental research can reveal opportunities in the asset class.

By Jean-Marc Breaux, Ramon de Castro & Evan Shay

By Jean-Marc Breaux, Ramon de Castro & Evan Shay

February 2023 / VIDEO

What Investors Need to Know About the U.S. Debt Ceiling

What Investors Need to Know About the U.S. Debt Ceiling

What Investors Need to Know About the U.S....

The impasse over raising the debt ceiling may roil markets.

By Michael Pinkerton

Michael Pinkerton Associate Analyst

January 2023 / U.S. FIXED INCOME

The Active Advantage in High Yield

The Active Advantage in High Yield

The Active Advantage in High Yield

Active approach allows security selection and nimble positioning.

By Kevin Loome & Ashley Wiersma

By Kevin Loome & Ashley Wiersma

December 2022 / VIDEO

Forecasting Oil Prices: Six Vital Indicators

Forecasting Oil Prices: Six Vital Indicators

Forecasting Oil Prices: Six Vital Indicators

Elliot Shue Corporate Credit Analyst, Energy and Commodities Industries

December 2022 / FIXED INCOME

A Closer Look at Quantitative Tightening Implications

A Closer Look at Quantitative Tightening Implications

A Closer Look at Quantitative Tightening...

While manageable near term, notable QT impact likely by mid-2023.

By Stephen L. Bartolini, Steve Boothe & Pranay Subedi

By Stephen L. Bartolini, Steve Boothe & Pranay Subedi

November 2022 / FIXED INCOME

Global High Yield—Managing Through Volatile Markets

Global High Yield—Managing Through Volatile Markets

Global High Yield—Managing Through Volatile...

Fundamental research is imperative as macro headwinds rise.

By Michael Della Vedova & Stephen Marsh

By Michael Della Vedova & Stephen Marsh

October 2022 / U.S. FIXED INCOME

Inflationary Forces Set to Overpower Disinflationary Trends

Inflationary Forces Set to Overpower Disinflationary Trends

Inflationary Forces Set to Overpower Disinflationa...

The post-GFC environment of low rates appears to be over.

By Christopher Faulkner-MacDonagh, Alex Obaza & Blerina Uruçi

By Christopher Faulkner-MacDonagh, Alex Obaza & Blerina Uruçi

October 2022 / VIDEO

Global Impact Credit Annual Report Highlights

Global Impact Credit Annual Report Highlights

Global Impact Credit Annual Report Highlights

By Matthew Lawton

Matthew Lawton Portfolio Manager

August 2022 / GLOBAL FIXED INCOME

Why Active Duration Management Matters

Why Active Duration Management Matters

Why Active Duration Management Matters

As market dynamics twist and turn, a flexible approach delivers results.

Arif Husain Head of International Fixed Income and CIO

August 2022 / GLOBAL FIXED INCOME

The Bond Bear Market Appears Over—For Now

The Bond Bear Market Appears Over—For Now

The Bond Bear Market Appears Over—For Now

An early recession should reduce the chance of aggressive rate hikes.

By Kenneth A. Orchard

Kenneth A. Orchard Portfolio Manager

August 2022 / FIXED INCOME

High Yield Bonds Appear Well Positioned for a Recession

High Yield Bonds Appear Well Positioned for a Recession

High Yield Bonds Appear Well Positioned for...

The sector is in better health than prior to previous downturns.

By Michael Della Vedova & Stephen Marsh

By Michael Della Vedova & Stephen Marsh

July 2022 / EMERGING MARKETS

Reports of the Death of EM Debt Are Exaggerated

Reports of the Death of EM Debt Are Exaggerated

Reports of the Death of EM Debt Are Exaggerated

Spreads are attractive compared with other asset classes.

By Samy Muaddi & Benjamin Robins

By Samy Muaddi & Benjamin Robins

July 2022 / FIXED INCOME

Value Has Returned to High Yield

Value Has Returned to High Yield

Value Has Returned to High Yield

Fundamentals are strong, and spreads are attractive.

By Michael Della Vedova & Stephen Marsh

By Michael Della Vedova & Stephen Marsh

July 2022 / EMERGING MARKETS

Emerging Markets Face a Highly Varied Growth Outlook

Emerging Markets Face a Highly Varied Growth Outlook

Emerging Markets Face a Highly Varied Growth...

Inflation and monetary policies are not affecting regions equally.

By Christopher J. Kushlis

Christopher J. Kushlis Asia Sovereign Analyst, London

June 2022 / U.S. FIXED INCOME

Interest Rate Volatility Creates Value in RMBS

Interest Rate Volatility Creates Value in RMBS

Interest Rate Volatility Creates Value in...

Strong housing supports mortgage-backed bonds with credit risk.

By Ramon de Castro & Dennis Lee

By Ramon de Castro & Dennis Lee

June 2022 / VIDEO

What lies ahead for emerging markets?

What lies ahead for emerging markets?

What lies ahead for emerging markets?

By Christopher J. Kushlis

Christopher J. Kushlis Chief of China and Emerging Markets Macro Strategy

June 2022 / FIXED INCOME

Why We Have Become More Favorable on Duration

Why We Have Become More Favorable on Duration

Why We Have Become More Favorable on Duration

Key indicators suggest that yields have peaked.

By Andrew McCormick & Stephen L. Bartolini

By Andrew McCormick & Stephen L. Bartolini

June 2022 / GLOBAL FIXED INCOME

Fixed Income—New Dynamics Demand Fresh Thinking

Fixed Income—New Dynamics Demand Fresh Thinking

Fixed Income—New Dynamics Demand Fresh Thinking

How changing markets require investors to think and act differently.

Arif Husain Head of International Fixed Income and CIO

Morningstar Awards 2020©. Morningstar, Inc. All Rights Reserved. Awarded to T. Rowe Price for 2020 U.S. Morningstar Exemplary Stewardship and to Jerome Clark for 2020 U.S. Morningstar Outstanding Portfolio Manager, U.S.A.

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