Brett S. Kozlowski, CFA
Co-Head of Structured Credit
Closed End Funds
|Master Intermediate Income Trust|
|Premier Income Trust|
More from the Fixed Income team
Although central bank efforts to fight inflation could end in recession, we are constructive on some areas of fixed income.
Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.
With historical context in mind, we argue that the fear surrounding rising rates and their impact on bonds and retirement portfolios is likely overblown.