Jim Cielinski, CFA
Jim Cielinski is Global Head of Fixed Income at Janus Henderson Investors, a position he has held since 2017. He oversees all of the global fixed income products and teams and leads Corporate Credit as well. Previously, Jim was the global head of fixed income for Columbia Threadneedle Investments from 2010. Prior to joining Columbia Threadneedle, he spent 12 years at Goldman Sachs Asset Management as managing director and head of credit. Before that, he was head of fixed income for Utah Retirement Systems, assistant manager of taxable fixed income for Brown Brothers Harriman & Co., and an equity portfolio manager for First Security Investment Management.
Jim received bachelor of science degrees in management and finance from the University of Utah and an MBA with a concentration in finance from New York University, Stern School of Business. He holds the Chartered Financial Analyst designation and has 40 years of financial industry experience.
Articles Written
The Fed’s inflation fight: No victory … yet
While progress has been made, the Fed continues to signal that the battle to lower inflation is far from over.
A still-resilient U.S. economy vindicates the Fed’s hawks
With it too soon to declare victory against inflation, we believe the market should accept that interest rates will remain near current levels for longer than it expects.
Fed seeks flexibility in complex late-cycle environment
With inflation still elevated, the Fed seeks to buy time to assess the impact of policy tightening.
Fixed income outlook: Step back and mind the gap
How rail announcements offer insights into fixed income markets.
The debt ceiling battle: When politics and debt don’t mix
The implications for financial markets as concern mounts over the looming U.S. debt ceiling.
Fixed Income Investment Outlook: Ingredients in the mix for a more appetising 2023
Cumulative central bank policy should dampen inflation, bringing relief on rates in 2023 but the outlook for credit is set to be more challenged.
Midterms matter – just less so at 8% inflation
Inflation may cause markets to buck the trend of positive returns after the U.S. midterm elections.
Credit Risk Monitor: Fundamentals in focus as credit cycle weakens
As the credit cycle continues to weaken, investors should watch for an inflection point in policy, earnings, or economic growth.
Front-end rates indicate riskier assets need a reality check
This year’s bond market stress is a warning sign to other asset classes and the real economy.
Signposts to Watch as the Credit Cycle Turns
Rates uncertainty and market volatility remain in focus for investors in credit as central banks move more aggressively on their tightening path.
Inflation Dilemma: Where Now for Central Banks and Fixed Income?
Jim Cielinski considers the dilemma for central banks as they are caught between decades-high inflation and an increasingly uncertain growth outlook.
ISG Insight: Thriving in the Bond Market
With macro and microeconomic fundamentals improving and corporate bonds priced for this to continue, we explore what could go wrong and how fixed income markets might respond.