Perspectives Blog

Special report – 2014 mid-year review and outlook

Columbia Management, Investment Team | June 16, 2014

…slower global growth and rising geo-political risks present downside risks to growth, although supportive central bank actions will continue and perhaps accelerate, particularly in Japan, China and the eurozone. Taxable bonds Colin Lundgren, Head of fixed income Review: 2014 has been a happy new year for taxable fixed-income investors. After experiencing mostly negative total returns in 2013, the surprising combination of lower interest rates and…

Sizing up the fixed income market

Colin J. Lundgren, CFA, Head of U.S. Fixed Income | September 29, 2014

For the right sized asset manager, disruptions in the fixed income market can create short-term opportunities. Liquidity has deteriorated in recent years and can escalate when a mega manager needs to sell a large position. The case for exercising caution around interest rates is strong, but investors shouldn’t paint all bonds with the same brush. Fixed income investors face some big challenges — low and potentially rising interest rates, poor…

Gut check: The outlook on fixed income

Colin J. Lundgren, CFA, Head of U.S. Fixed Income | February 24, 2014

The next big move in rates may be triggered by concerns about possible future Fed rate hikes. High-quality bonds may struggle to generate coupon-like returns. Emerging markets may ultimately benefit from the synchronized uptick in growth in global developed markets. With nearly two months of the year behind us, we thought now would be a good time to see how the fixed-income market is faring in 2014 and assess our outlook. We asked our investme…