June 15, 2022
The first half of 2022 has been a volatile period for most asset classes. Equities are well off their highs, and for the traditional fixed income investor, the spectre of rising interest rates – which correlate negatively with bond prices – is an unwelcome sign.
But things aren’t all terrible, and we would argue that there is a possibility the world an avoid recession. Within this outlook there are still opportunities for the fixed income investor, which are explored by Payden & Rygal’s Eric Souders, portfolio manager of the Payden Global Income Opportunities Fund.