Michael V. Salm Co-Head of Fixed Income
Mr. Salm is a Co-Head of Fixed Income. He specializes in mortgage and securitized products, interest-rate and volatility derivatives, and money markets. Mr. Salm is a portfolio manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Fixed Income Absolute Return Fund, Putnam Income Fund, Putnam Master Intermediate Income Trust, Putnam Mortgage Securities Fund, Putnam Premier Income Trust, and Putnam Short Duration Income Fund. In addition, he oversees trading operations and Putnam's Fixed Income quantitative teams. He joined Putnam in 1997 and has been in the investment industry since 1989.
Whitepapers
17-Oct
Analysis of global bond market sectors from the Co-Heads of Fixed Income.
Blog posts
A surprising shortage in housing
September 01, 2015
Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.
Headwinds buffet emerging-market debt
August 25, 2015
Higher interest rates can challenge any fixed-income market, but rate increases in advanced economies can cause particular difficulty for emerging markets.
What may unlock consumer spending
May 07, 2015
While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.