Michael V. Salm
Chief Investment Officer, Fixed Income
More from the Fixed Income team
A recent Active Insights podcast features a discussion of leveraged loans, and collateralized loan obligations (CLOs).
The U.S. will likely avoid a recession in 2022, in our view. That risk rises next year as the Fed raises rates and China decelerates.
In a supply-constrained world, reducing asset prices may be the only way for central banks to bring demand and inflation lower.