Most recent Fixed Income Outlook and research
Stay informed on fixed income markets in the fourth quarter. Get timely updates on currency, credit, and the yield curve.
Weighting shifts from the previous quarter
Browse our monthly Macro Report
The calamity of war in Gaza since early October has so far had a more muted impact on oil prices than might have been expected. We analyze the market and share our outlook.
Trends from the labor market and continued wealth imbalance are setting the stage for sticky inflation. Read the October Macro Report.
The Fed is pursuing QT while being careful to avoid market disruption. Compare scenarios for QT and markets in Putnam's Macro Report.
As inflation sticks around, it is important to think about how it is related to high government debt.
A contracting money supply paired with the Fed's quantitative tightening is adding bank sector stress on Treasury and MBS markets.
A deep recession could have a significant impact on financial markets.