All Corporate Bonds articles – Page 3
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PodcastTalking Heads – Thinking about diversification? Try asset-backed securities
European securitised assets, backed by loans, mortgages and other categories of (consumer) credit as collateral, offer investors a source of diversification from other forms of credit such as corporate debt.
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White papersFive factors for long-term investors considering high yield
Since Covid-19 disrupted markets in early 2020, high yield has been one of the best-performing fixed income sectors. In fact, it has significantly outpaced the Bloomberg US Aggregate Index (and Global Aggregate Index), US corporate bonds, emerging markets bonds and securitised credit — and by a wide margin.
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White papersSwap spreads: analysis, challenges and outlook
Swap spreads, key indicators of liquidity stress and risk aversion, play a crucial role for insurers. Beyond measuring price differentials between sovereign and corporate bonds, they directly influence hedging decisions, asset-liability management (ALM) strategies and insurer returns under Solvency II.
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White papersExpecting the unexpected with more robust bond portfolios
2025 was widely expected to be a good year for bonds. The US economy seemed to have found a floor, inflation looked to be contained, and interest rates had a long way to fall. The combination of high yields and capital appreciation from falling rates was, if a bit simplistic, a reason to be excited about the outlook for compelling total returns. But 2025 is looking increasingly like it will be anything but simple, writes Olivier De Larouziere.
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White papersAt a time of rapid global change, what does Asian EMD offer investors?
Once considered a niche of a niche, emerging market debt has come to the fore as a way to access the world’s most dynamic region. Here’s where we see the opportunity
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White papersEpochal Shift Sparks a Spike in German Bund Yields
In early March, exceptional market movements were observed as German 10-year Bund yields marked the largest weekly increase since the 1990s. This rare event coincided with Germany’s significant fiscal shift, including proposals for infrastructure fund and reforms to the debt brake. These measures, alongside geopolitical uncertainties and Europe’s response to the manufacturing crisis, have reshaped economic prospects. For investors, the rise in yields and widening credit spreads present compelling opportunities to extend duration and capitalize on attractive market conditions.
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WebinarFixed income investment playbook for 2025
Potential policy changes from the new US administration have raised uncertainty in the outlook for bond markets. Watch two of our senior fixed income portfolio managers, Pramod Atluri and Damien McCann, make sense of the rapidly shifting landscape.
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White papersRatings Renaissance in Emerging Market Corporates
In a dynamic environment, we believe emerging market corporate credit ratings should show continued improvement.
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White papersEM leaders drive fiscal policy improvements: EMD report Q1 2025
With sovereign and corporate credit spreads at multi-year lows, we remain constructive on Emerging Market Debt (EMD) in 2025.
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White papersA More Commodious Curve
By fundamentally changing incentives, a normalizing yield curve makes the bond market much more friendly to investors.This time last year, we were urging investors to “Make Your Money Move.” Too much cash was sitting in portfolios, in our view. The 5%-plus interest it was earning looked set to decline, making it less attractive than equities or bonds over anything longer than a six-month time horizon.
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White papersRobust fundamentals should prop up emerging market debt
Many emerging market economies have robust fundamentals: strong external demand, stabilising inflation and monetary policy easing, While their GDP growth is expected to outpace that of their developed market peers, there could be some headwinds in the first few months of 2025 from renewed uncertainty around the US Federal Reserve’s rate cutting cycle, the Trump administration’s policy agenda, the outlook for geopolitics and a strong US dollar.
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White papersAssessing Sovereigns’ Progress Towards Net Zero for Fixed Income Investors
Is the US on track to achieve net zero emissions by 2050?
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White papersIG Credit – Be selective, even amid good fundamentals
While uncertainties remain, we retain our positive outlook, supported by resilient growth in the US, steady investor demand and a supportive monetary easing cycle in Europe. As for the fundamentals, the peak in investment-grade (IG) credit quality for this cycle is now behind us. Nonetheless, both US and European IG bond issuers are still generally in good shape: They now have bigger reserves of cash, lower net debt and better net margins.
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White papersNavigating interest rate uncertainty on the bond market during a second Trump term
US bond rates are a significant risk driver for institutional investors such as pension funds, insurance companies, and sovereign wealth funds who typically invest roughly 30% of their allocations into bonds and other fixed income classes. With Trump’s election win, we must navigate the potential impacts of his policies on the bond market. Given the contradictory nature of his suggested policies, we see the potential for a new level of interest rate uncertainty driven by a mix of inflationary and growth pressures causing increased volatility in the bond market.
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White papersCorporate Hybrids Take the World Stage—Revisited
The U.S. corporate hybrid market emerged as a competitor to Europe’s in 2024, creating alpha opportunities for global investors like Neuberger Berman.
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White papersWill US bond markets outperform Europe and China in 2025?
This quarter’s summary of what to look out for in fixed income
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PodcastOuterblue Convictions – Global Investment Views – Goldilocks ahead of new Trump presidency
2025 got off to a dramatic start with an unexpected jump in bond yields. What has been driving this move and do we expect it to continue? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, explain what’s been happening in the US and UK and explore what these mean for our growth and interest rate forecasts.
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White papersBond yields on the rise
Bond yields started the year with strong upward moves, and reached close to the highs seen in April last year. This latest upward trend, which has been evident from September amid Trump’s election campaign and his eventual victory, has been partly driven by resilience in the US economy.
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Webinar2025 Outlook: Direct Lending Webinar
Where is direct lending headed in 2025? Our experts weigh in on a number of topics—from the implications of an increasingly competitive market to the interplay between public and private markets (and what that means going forward).
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White papersShort Duration Q4 2024 Recap, Portfolio Actions & Outlook
Our latest Short Duration Quarterly Commentary recaps Q4 2024 and shares our sector outlook for short duration bonds.
