Michael J. Atkin
Head of Global Sovereign Credit
Mr. Atkin is Head of Global Sovereign Credit within Fixed Income. Mr. Atkin manages a team of analysts who evaluate government securities in G7 countries as well as government and corporate emerging market debt. He also oversees the firm's exposure to emerging market debt. In addition, Mr. Atkin is a Portfolio Manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Master Intermediate Income Trust, and Putnam Premier Income Trust. Mr. Atkin joined Putnam in 1997 and has been in the investment industry since 1988.
More from the Fixed Income team
Sector views
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.
Expect a pause, not a pivot, as savings fuel spending
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.
High job openings signal wage-price spiral
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.
Stable value update
Amid widespread negative returns in 2022, one area generating positive total returns is in the capital preservation space, including stable value funds.