The definitive word in fixed income

Free Talk

Watch replay

The Tipping Point

The global economy appears on the brink of a major transition. Last year was characterized by rising inflation, rate hikes, heightened geopolitical risk, equity index concentration and bond market volatility. Cash became king with many investors deciding to sit on the ‘risk free’ sidelines.

Now, inflation is moderating and rate cuts are expected – although geopolitical risks seem to be even more significant. So, what does the rest of 2024 have in store for bond investors? Are we approaching a ‘tipping point’ at which risk appetite returns and the time for sitting on the sidelines is once again overtaken by the fear of missing out? And if so, where should investors be looking to reallocate their cash?

To learn more, join Arif Husain, Head of Global Fixed Income and Chief Investment Officer, and guests for our next Free Talk fixed income webinar.

Topics include:

What scenarios should investors plan for in 2024?
When is risk appetite likely to return?
What can replace cash in a risk-on environment?

Our Speakers

Ritu Vohora, CFA ® (Host)

Investment Specialist, Capital Markets, T. Rowe Price

Arif Husain, CFA ®

Head of Global Fixed Income and CIO, T. Rowe Price

Kenneth A. Orchard

Head of International Fixed Income, T. Rowe Price

Samy Muaddi, CFA ®

Head of Emerging Markets, T. Rowe Price

Tomasz Wieladek

Chief European Economist, T. Rowe Price

Related Insights

January 2024 / INVESTMENT INSIGHTS

Attractive yields but narrow spreads: The credit dilemma

Attractive yields but narrow spreads: The...

From the Field

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

January 2024 / INVESTMENT INSIGHTS

Is Now the Time to Redeploy Cash?

Historical performance of federal funds interest rate cycle peaks could help investors...

By Terry Davis & Andrew Wick

December 2023 / MARKET OUTLOOK

Re-thinking Fixed Income

The fixed income market has vastly changed, and will require investors to keep pace

By Arif Husain, Justin Thomson & Sebastien Page

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute

202301-3344721

Important Information

This marketing communication is for investment professionals only. Not for retail distribution.

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents (KIID) and/or key information document (KID) in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.

This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision.

T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.

It is not intended for distribution to retail investors in any jurisdiction.

Morningstar star rating applies to T. Rowe Price Funds SICAV Class A – Global High Income Bond Fund, T. Rowe Price Funds SICAV Class A – European High Yield Bond Fund, T. Rowe Price Funds SICAV Class A – US High Yield Bond Fund as at 30 June 2023. The Morningstar Rating is updated on a monthly basis. For the latest ratings information please visit the Morningstar website. Silver and gold ratings as at 30 June 2023.

Source & Copyright: Citywire. The Fund manager is rated by Citywire based on the manager’s 3 year risk adjusted performance. For further information on ratings methodology please visit www.aboutcitywire.com.

©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

EEA – Unless indicated otherwise this material is issued and approved by T. Rowe Price (Luxembourg) Management S.à r.l. 35 Boulevard du Prince Henri L-1724 Luxembourg which is authorised and regulated by the Luxembourg Commission de Surveillance du Secteur Financier. For Professional Clients only..

Switzerland - Issued in Switzerland by T. Rowe Price (Switzerland) GmbH, Talstrasse 65, 6th Floor, 8001 Zurich, Switzerland. First Independent Fund Services Ltd, Klausstrasse 33, CH-8008 Zurich is Representative in Switzerland. Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zurich is the Paying Agent in Switzerland. For Qualified Investors only.