Robert L. Davis, CFA
|Fact sheet||Annual||Semi annual|
|Diversified Income Trust|
|Global Income Trust|
|Overall Morningstar RatingTM among 192 funds in the Global Bond category.|
|10-year Morningstar RatingTM among 135 funds in the Global Bond category.|
Closed End Funds
|Master Intermediate Income Trust|
|Premier Income Trust|
More from the Fixed Income team
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.