John Pattullo
John Pattullo is Co-Head of Global Bonds at Janus Henderson Investors. He manages and co-manages a range of global bond strategies and funds meeting different client needs globally. John joined Henderson in 1997 as a trainee manager in corporate bonds and was head of the Strategic Fixed Income Team from 2009 until 2015 when he became Co-Head with Jenna Barnard. Prior to Henderson, he spent four years as a chartered accountant at PricewaterhouseCoopers.
John has an MA (Hons) in economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland (CA) and an associate member of the Society of Investment Professionals (ASIP). He has 31 years of financial industry experience.
Articles Written
Rate cutting cycles in US back to 1969
With inflation fast becoming yesterday’s news we look at how 10-year Treasury yields have behaved in rate cutting cycles back to 1969.
Do all roads lead to lower bond yields in 2024?
Jenna Barnard and John Pattullo consider the outlook for bonds in 2024, positing that different routes are likely to lead to the same destination.
The message from bond bear steepening
The Global Bonds Team puts the recent bond bear steepening in context and reflects on what it might mean for the future direction of bond yields.
Tightening the screw: Restrictive policy is taking effect
How restrictive policy is taking effect and why it should lead to a pullback in yields from current highs.
Global Perspectives: Dissecting the cycle
Why we believe the market is too pessimistic on inflation improvement but too optimistic on the growth environment.
Strategic Bond update: Bank woes should hasten peak in rates
Why bank difficulties are likely to hasten the peak in monetary tightening
Strategic Fixed Income: unfortunately, a recession is baked in the cake
All the hallmarks for a recession are baked in the cake but have not washed through the economy yet. (Recorded 25 August 2022)
Boom-bust economics is back! Be warned…
John Pattullo explains why he believes a recession seems unavoidable and that we are back to the boom-bust economics of the ‘80s.
Global Perspectives Podcast: An extreme hatred of bonds… just or unfair?
Investor positioning still (unfairly) reflects an extreme hatred of bonds.
Global Perspectives Podcast: No one’s listening to the bond markets
Bond markets are once again sending a message on rates. Is anyone listening? Adam Hetts talks to John Pattullo and Jenna Barnard from the Strategic Fixed Income team.
Reflation train — arriving on time
Jenna Barnard and John Pattullo, co-heads of Strategic Fixed Income, dissect the reflation narrative, sharing interesting views that go somewhat against consensus.
Reflation train — arriving on time
Jenna Barnard and John Pattullo, co-heads of Strategic Fixed Income, dissect the reflation narrative, sharing interesting views that go somewhat against consensus.