Fixed Income: A Supportive Ballast

16 JUNE 2026

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Fixed income has reclaimed its role as a cornerstone of institutional portfolios—offering both stability and competitive return potential in a way that hasn't been possible in years. Yet today's environment demands more than passive exposure. With macro uncertainty, tight credit spreads, and shifting rate dynamics, active management and disciplined positioning are essential to navigating what comes next. Jeff Mueller, Co-Head of Fixed Income, and Vishal Khanduja, Head of Broad Markets Fixed Income, share their perspective on how institutional investors can best position their portfolios for the road ahead.

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Our capabilities are driven by six specialized teams that span the global fixed income capital markets. Each specialized team has the autonomy to implement its own approach while centralized resources allow them to focus on driving investment excellence.

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Disclosures:
The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively the Firm”), and may not be reflected in all the strategies and products that the Firm offers.

Any charts and graphs provided are for illustrative purposes only. Any performance quoted represents past performance. Past performance does not guarantee future results.

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