Estimate Time55 min

Navigating Fixed Income Choices in an Uncertain World

This webinar walks through the fact that so far in 2022, we’ve seen four Federal Reserve rate increases this year and slowing growth with inflation has led to lower yields. Liquidity is challenged, volatility is high, and stock/bond correlations are atypical. Making the right fixed income decision is more important than ever. This recorded webinar features T. Rowe Price's Paul Massaro, CFA®, Head of Global High Yield, and James M. Murphy, CFA®, Head of Municipal Team, as they review how an investor can navigate the fixed income market and what considerations to be mindful of.

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T. Rowe Price and Fidelity Investments are independent entities and are not legally affiliated. Views expressed are as of the date indicated and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the speaker and not necessarily those of Fidelity Investments.

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Diversification and asset allocation do not ensure a profit or guarantee against loss.

In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Lower-quality debt securities generally offer higher yields, but they also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. The municipal market can be affected by adverse tax, legislative, or political changes, and by the financial condition of the issuers of municipal securities.

The information provided in this communication for educational purposes only and should not be construed as advice or an investment recommendation.

The Chartered Financial Analyst (CFA) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least four years of qualifying work experience, among other requirements. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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