Mr. Horner is a Portfolio Manager in the Fixed Income group. He specializes in stable value, general
account insurance, structured investment-grade, absolute return, and multi-sector fixed-income
portfolios within the Corporate and Tax-exempt Credit team. Mr. Horner is responsible for constructing
portfolios, providing fiduciary oversight, and communicating investment team decisions on policy,
strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the
investment industry since 1991.
More from the Fixed Income team
Global financial markets were mixed during the third quarter.
Companies are buying raw and intermediate goods at a record pace, which will influence economic growth in 2022.
The Fed's policy changes will have implications for the U.S. Treasury market and other financial assets.
We believe the Fed is likely behind the curve in containing inflation with ultra-low interest rates.