Mr. Boucher is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income. He
is a Portfolio Manager of Putnam Floating Rate Income Fund, Putnam Global Income Trust, Putnam High Yield Fund, and Putnam ESG High Yield ETF. Mr. Boucher is also responsible for covering cyclical sectors and portions of the non-cyclical market, including food/beverages and utilities. He joined Putnam in 1998 and has been in the investment industry since 1985.
Previously at Putnam, Mr. Boucher served as a Portfolio Manager in the U.S. High Yield group and as an
Analyst covering the automotive, aerospace, and technology sectors. Mr. Boucher also has managed
European high-yield portfolios and the allocation of global high-yield portfolios from Putnam’s London
More from the Fixed Income team
The Fed is pursuing QT while being careful to avoid market disruption. Compare scenarios for QT and markets in Putnam's Macro Report.
Signs of falling inflation have helped risk assets recently, but the relief is likely temporary.
As inflation sticks around, it is important to think about how it is related to high government debt.
A contracting money supply paired with the Fed's quantitative tightening is adding bank sector stress on Treasury and MBS markets.