With inflation at decade highs, central banks are caught between responding to current realities and trying to predict where inflation and the economic environment will be in the medium term. In this paper, Jim Cielinski, Global Head of Fixed Income, considers the potential pitfalls and impact on fixed income. Key areas covered include:
The trajectory of change as central bankers doubt their own “transitory” story, plus the growing divergence at policy level.
The potential for policy error as economies adjust to the tailwind from reopening but face offsetting headwinds from fiscal drag, a squeeze on real incomes and growing cost pressures on corporates.
The potential implications for rate sensitive and riskier credit assets.
You are now leaving our site and entering a website not operated by or affiliated with Janus Henderson Investors. While we aim to point you to useful external websites, we cannot be responsible for their content, opinions, advice or accuracy, even if you utilise the services on the linked site to invest in our products.
You should review the Terms and Conditions of third party websites and contact the operators of such sites if you have any queries.
You are now leaving Janus Henderson's website and will be redirected to the website of the Securities and Exchange Commission (the "SEC"). Money market funds are required to provide the SEC with a monthly electronic filing of more detailed portfolio holdings information on Form N-MFP.
Janus Henderson is not responsible for the content, accuracy or timeliness and does not make any warranties, express or implied, with regard to the information obtained from other websites. This link should not be construed as either a recommendation or offer to by or sell any securities.