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Strategic Bond Update: Positioning for early recession

 

 

Webcast details

Thursday 27 April
2pm BST | 3pm CEST | 9am EDT
Virtual

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Summary

For professional and qualified investors. Only for use outside of the US or with US financial professionals servicing non-US persons. Marketing Communication. Not for onward distribution.

The banking crisis was a visible symptom of how tighter monetary policy is catching up with the economy and exposing vulnerabilities. Join Jenna Barnard and John Pattullo for this quarterly update as they discuss what the onset of early recession is likely to mean for bonds. How might credit perform in a bull steepening* of the yield curve?

*A bull steepening yield curve is driven by short-term rates falling faster than long-term rates, typically associated with a shift in central bank policy towards lowering interest rates. A bear steepening yield curve is when long-term rates rise faster than short-term rates, typically associated with rising inflation expectations.

Featured speakers

Jenna Barnard

Co - Head of Strategic Fixed Income

Jenna Barnard is Co-Head of Global Bonds at Janus Henderson Investors, a position she has held since 2015. She manages and co-manages a range of global bond strategies and funds meeting different client needs globally. Jenna joined Henderson in 2002 as a credit analyst and was promoted to portfolio manager in 2004. Prior to this, she worked as an investment analyst with Orbitex Investments.

Jenna graduated with a first class BA degree (Hons) in politics, philosophy, and economics from Oxford University. She holds the Chartered Financial Analyst designation, is a member of the Society of Technical Analysts, and is an Affiliate Member of the UK Society of Investment Professionals. She has 22 years of financial industry experience.

John Pattullo

Co - Head of Strategic Fixed Income

John Pattullo is Co-Head of Global Bonds at Janus Henderson Investors. He manages and co-manages a range of global bond strategies and funds meeting different client needs globally. John joined Henderson in 1997 as a trainee manager in corporate bonds and was head of the Strategic Fixed Income Team from 2009 until 2015 when he became Co-Head with Jenna Barnard. Prior to Henderson, he spent four years as a chartered accountant at PricewaterhouseCoopers.

John has an MA (Hons) in economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland (CA) and an associate member of the Society of Investment Professionals (ASIP). He has 30 years of financial industry experience.

This document is intended solely for the use of professionals, defined as Eligible Counterparties or Professional Clients, and is not for general public distribution.

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An English translation: “This private offer commences on the date of this document and it avails itself of the General Regulation No. 336 of the Superintendence of Securities and Insurances (currently the Financial Markets Commission). This offer relates to securities not registered with the Securities Registry or the Registry of Foreign Securities of the Financial Markets Commission, and therefore such securities are not subject to oversight by the latter; Being unregistered securities, there is no obligation on the issuer to provide public information in Chile regarding such securities; and These securities may not be subject to a public offer until they are registered in the corresponding Securities Registry.”

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