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T. Rowe Price is a stable leader in fixed income investing, with 152 experienced professionals, producing proven results through the careful scrutiny of individual bonds and economic conditions. Our collaborative investment processes, a truly global research platform, and organizational stability help deliver competitive risk-adjusted results.

Financial Advisors

Contact us 1-800-564-6958

Individual Investors

Contact us 1-800-843-6801

Financial Intermediaries

Contact us 1-800-638-7780

Institutional Investors

Contact us 1-800-638-7890

Market Perspectives on Fixed Income


  • For the first time since the 2008 financial crisis, the world's major central banks appear poised to take global interest rates in sharply different directions.
  • Interest rate decoupling is freeing the world's sovereign bond markets to go their separate ways-as shown by their varying reactions to the Federal Reserve's moves to taper its massive bond purchases.
  • Investors may want to consider the benefits of a diversified global bond strategy that uses dynamic country selection and yield curve positioning in an effort to improve yield and return.
  • Rotating among countries at different points in the interest rate cycle may enhance returns.
  • Income from steep yield curves may provide protection against rising rates in some countries.
  • Positioning for yield curve changes in different bond markets also may enhance returns.

  • Moderate Expectations for Bonds

    Manager Steve Huber advises moderate expectations for bonds

  • Global Fixed Income

    Fixed income managers share insights in a rising rate environment

  • Emerging
    Markets
    Debt Rebounds

    Emerging debt markets have rebounded, valuations still attractive versus developed markets.


Get the latest Market Outlook Updates via e-mail
Coming soon: Fixed Income Webinar: What to do
When Nothing Is Cheap

* For funds with at least a 3-year history, a Morningstar RatingTM is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of 1 fund within this scale and rated separately. Morningstar RatingTM is for the retail share class only; other classes may have different performance characteristics.

Yield and share price will vary with interest rate changes. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. High-yield bonds carry greater default risk than higher-rated bonds along with greater liquidity risk. To the extent the fund holds foreign bonds, it will be subject to special risks, including potentially adverse political and economic developments overseas, greater volatility, lower liquidity, and the possibility that foreign currencies will decline against the dollar. The fund's investments in emerging markets are subject to the risk of abrupt and severe price declines.

2014 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.

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Is this site for advisors? What do you mean by "Beta"?

This site is designed for advisors with their clients and is currently in Beta, which means that we're testing concepts and looking for your feedback. All of the information and data presented on the site are accurate. However, in order to add to it and improve on it over time, we need your help. Please rate your experience, and provide your honest feedback whenever possible.

Who is my wholesaler?

At T. Rowe Price, we don't have a typical wholesaler relationship. Instead, our investment consultants are here to assist you without the usual sales calls. They are available to answer your questions as you research our funds, communicate detailed color on our latest positioning, and offer guidance that can streamline your investment decisions.

How can I learn which funds are open, closed, or restricted?

By closing or restricting access to funds to new investors, we believe we preserve our ability to achieve the funds' objectives. To learn which funds are currently closed or restricted, please contact the Advisor Services Group directly at 1-877-561-7670.

What is the minimum investment for an institutional fund?

Institutional funds generally require a $1,000,000 minimum initial investment. There is no minimum for subsequent purchases. If you hold shares through a financial intermediary, the intermediary may impose different investment minimums.