All Corporate Bonds articles – Page 2
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White papers
Spotting Hidden Extension Risk in Corporate Hybrids
Failure to call a hybrid at the first opportunity is rare but, if realised, can be negative for investors—can we identify the telltale signs of heightened risk?
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White papers
Biodiversity bonds: the new frontier in fixed income markets
Sovereign, supranational and corporate borrowers are issuing bonds that embed biodiversity protection and restoration goals.
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Podcast
The Business of Bonds with PGIM Fixed Income’s Co-CIO
Listen for our scenario-based approach, investment views, the fixed income opportunities we see ahead, and what it means for us as we construct portfolios.
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White papers
Bond investing when Central Banks are in motion
2024 is establishing a new market dynamic for bond investors. After the great repricing of 2022 and 2023 when market attention was mainly tilted towards inflation, 2024 is increasingly seeing a more balanced focus towards both inflation and growth. Moving ahead, the slowdown in inflation should continue, although reaching the 2% target may take longer than initially expected by the market, and the route is going to be bumpy as inflation remains sticky.
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White papers
Fixed income: What’s the issue with the new issue premium?
Amid surging demand for investment grade (IG) corporate bonds, the new issue premium typically offered by companies turned negative in the first quarter of 2024. This comes as investors seek to lock in higher yields before potential central bank interest rate cuts and demonstrates the weight of capital seeking to enter the market.
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Blog
The Case for Rebalancing into Bonds, in Pictures
In the current market environment, we see a compelling case for rebalancing into bonds vs. both stock and cash.
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White papers
The Modernization of Bond Market Trading and its Implications
The evolution of electronic trading has catapulted the bond market into the modern era. Learn more about “The Modernization of Bond Market Trading and its Implications”.
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White papers
Corporate Hybrids Take the World Stage
Why a predominantly European asset class is now growing in the U.S., creating new opportunities for seasoned investors.
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White papers
An Ocean of Difference
‘Copy and paste’ your U.S. inflation outlook onto Europe and you may miss the opportunity in core European bonds.
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White papers
With trillions looking to come off the subs bench is this the year of the bond?
After an aggressive global rate hiking cycle trillions of dollars are poised to re-enter the market once central banks begin to ease, but risks still remain. The fixed income experts discuss generating returns despite market noise, including taking advantage of the expanding corporate bond market.
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White papers
Fixed Income Outlook – Corporate bonds still a bright spot
We expect corporate bonds to deliver positive returns in the coming quarters, primarily due to the attractive yields. With money market rates becoming less attractive as interest rate cuts loom, further supporting inflows into corporate bonds look likely.
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White papers
Direct lending is not going away
A look at private credit, and why increased activity in the broadly syndicated loans space is not necessarily a bad thing for direct lending, and vice versa, from Benefit Street Partners Managing Director Anant Kumar.
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White papers
Where are the Opportunities in Corporate Bonds Now?
Bonds are back – but with changeable forecasts for inflation, and lurking geopolitical tensions, credit selection is more important than ever for fixed income investors. We spoke to five corporate bond managers from across Generali Investments ecosystem to understand where they’re finding opportunities and avoiding pitfalls in today’s global corporate bond markets.
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White papers
EM Debt: The Benefits of a Blended Approach
The EM debt universe—larger, more diverse, and of higher-quality than generally perceived—offers compelling opportunities today. But given the uncertainties ahead, there are potential benefits to taking a blended approach.
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White papers
What’s going on with IG corporate bonds?
New investment grade corporate bond issuance is pouring into the market, says John Gentry, Senior Vice President, Senior Portfolio Manager, Head of Corporate Fixed Income Group, Federated Hermes Inc.
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White papers
Corporate fundamentals: Opportunities and challenges within credit dispersion
Reporting season will be crucial in our assessment of corporate credit fundamentals.
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White papers
Fallen angels radar: positive 2024 supply dynamics
In this new quarterly publication, we monitor developments in the fallen-angels universe to find investment opportunities. Which corporate bond issues have lost their investment-grade (IG) rating to join the segment? How are corporate credit ratings progressing? What trends do we see emerging in credit quality?
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White papers
Added Value in ABS
Corporate credit offers tight spreads and a broad consensus—might the complex crosscurrents of securitized products be more interesting?
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White papers
The Importance of Monitoring Credit Spreads In Positioning Equity Portfolios
On February 5, 2024, the yield spread between the Baa corporate bond and the 10-year Treasury bond sat at 157 bps—just 9 bps wider than the narrowest level seen since 2000.
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White papers
The fight against inflation enters extra time
Despite closing in on their inflation targets, US and European central bankers appear hesitant to cut rates. Jonathan Gregory explores the differing drivers behind this, as well as the overall implications for bond markets.