David Zahn on fixed income
From Where are the Opportunities in Fixed Income? - David Zahn, Franklin Templeton. · · Three Counties
“We think fixed income will probably stay around these levels for a while until we kind of see the economies start to recover.”
On , David Zahn, Senior Vice President, Head of European Fixed Income & Head of Sustainable Fixed Income at Franklin Resources, spoke about fixed income during Where are the Opportunities in Fixed Income? - David Zahn, Franklin Templeton. on Three Counties.
About David Zahn
In a February 2021 interview, David Zahn stated that fixed income markets would likely remain at current levels until economies begin to recover. He noted that central banks would continue to be accommodative and would avoid withdrawing support too early, citing past policy mistakes. Zahn also identified the risk of central banks raising rates too soon or governments cutting spending or raising taxes too quickly as potential policy errors during the exit from pandemic-era measures. Zahn highlighted sustainability as a major trend in fixed income, stating that assets focused on sustainability should perform well going forward. He also discussed yield curve steepening, noting that while some steepening may occur, investors could seek higher yields elsewhere due to low hedging costs. In a 2016 interview, Zahn commented on the potential impact of Brexit, stating that a vote to leave the EU was likely priced into UK assets but not into European assets, and that he would vote to remain.