May 2022 / VIDEO
What a Rough Quarter for Bonds Means for Asset Allocators
The bond market had a rough start to 2022, but Treasuries could be defensive in a large sell-off and may benefit from rate hikes
The bond market had its worst three-month performance in more than 30 years. Rising interest rates and inflation shocks are typically headwinds for stocks and bonds, and both asset classes sold off in the first quarter. Our Asset Allocation Committee is slightly overweight to bonds versus stocks, favoring higher-yielding fixed income sectors.
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May 2022 / INVESTMENT INSIGHTS
Sébastien Page is head of Global Multi-Asset and chief investment officer. He is a member of the Asset Allocation Committee, which is responsible for tactical investment decisions across asset allocation portfolios. Sébastien also is a member of the Management Committee of T. Rowe Price Group, Inc.
Tim Murray is a capital market strategist in the Multi-Asset Division. Tim is a vice president of T. Rowe Price Associates, Inc.