Fixed income bear markets and recessionary threat

The end of the current fixed income bear market suggests a recession will soon follow. Following the implications of global economic events in the first half of the year, T.Rowe Price predicts a short and brutal recession. Despite initial predictions of the upcoming recession being shallow, with the continuing issues facing the economy (the Russia-Ukraine crisis and the energy implications) it is set to be much deeper than expected. Ken Orchard, T. Rowe Price’s Portfolio Manager, Fixed Income Division, expresses his views on the end of the fixed income bear market, and the approaching recession....