Mr. Mahanti is a Portfolio Manager in the Fixed Income group. He specializes in agency residential mortgage-backed and asset-backed securities within the Structured Credit team. Mr. Mahanti is a Portfolio Manager of Putnam Stable Value Fund. He is responsible for constructing portfolios, providing fiduciary oversight, and communicating investment team decisions on policy, strategy, and tactics to fixed income clients. Previously at Putnam, Mr. Mahanti was an Analyst in the Fixed Income group. He joined Putnam in 2012 and has been in the investment industry since 2000.
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.
Amid widespread negative returns in 2022, one area generating positive total returns is in the capital preservation space, including stable value funds.