All Corporate Bonds articles – Page 6
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White papersThe corporate bond is back
We believe that corporate bond yields are close to an inflection point, with the high levels of yields achievable providing a buffer to further yield rises. In short – the corporate bond is back.
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White papersHow the ECB’s climate tilt favours ice cubes
The European Central Bank is gradually decarbonising its corporate bond holdings in a move that will be beneficial to borrowers with clear net-zero targets. We expect increased spread differentiation between transition leaders and transition laggards, and consider how the design of our TargetNetZero strategy is well-positioned to capture the opportunities.
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White papersA Low Volatility Approach to Emerging Markets
Actively-managed, short-dated corporate bonds are a good fit for cautious EM investors
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White papersTransition To a Net-Zero Carbon Economy: How Insurers Contribute To Green Finance Via Sustainable Bonds
The sustainable bond market recorded another tremendous year of growth in 2021, with €960 bn of bonds issued. This represents an increase of 80% vs 2020. This strong market expansion is being driven by institutional investors, for whom combating climate change and seeking positive social impacts have become strategic challenges.
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White papersMulti-Asset Allocation Views: Finding alternatives in bonds
In this Allocation Views, our Franklin Templeton Investment Solutions team remove their allocation preference for equities and discuss the attraction of government and corporate bonds.
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White papersEmerging Market Green Bonds - Report 2021
Significant investment is required to build resilient economies capable of addressing the current climate and environmental challenges. This need is particularly crucial in emerging market and developing economies (EMDEs), which are relatively more vulnerable to the impacts of climate change. More broadly, large-scale investment estimated to be as high as US$4.5 trillion per year in EMDEs is required to achieve the United Nations Sustainable Development Goals (UN SDGs). -
White papersCross Asset Investment Strategy - June 2022
The repricing of a more aggressive Fed stance has been brutal as the 10Y UST yield temporarily reached the 3% threshold, falling close to 2.75% recently on economic growth concerns. We think investors should move towards neutrality on duration in the US and Europe, whereas in credit, they should focus on quality and stay cautious on higher-risk segments in Europe.
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White papersECB strikes a somewhat dovish tone, despite inflation remaining top priority
After the hawkish surprises of previous meetings, no further acceleration of stimulus withdrawal has been hinted at in April. The ECB fully confirmed both its previous guidance on QE, which is set to end “some point in time” in Q3, and policy sequence, with interest rates to rise possibly, but not necessarily, after QE ends.
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White papersEM Corporate Bonds in 2022: How to Find Truffles in the Mud
Tighter monetary conditions have raised bond yields around the world since the start of the year. Ten-year US Treasury yields rose 80 basis points (bps) in the first quarter, global investment-grade yields 83 bps, and yields on high-yield bonds rose 136 bps.
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White papersCLOs Well-Positioned Amid Rising Rates, Heightened Uncertainty
In the context of a thin new issue pipeline, secondary market CLOs look more interesting, on balance, relative to new issues.
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White papersAs the Fed moves into action, bond portfolios need agility
In a world of rapidly escalating prices, Russia’s invasion of Ukraine has exacerbated inflationary pressures. We have seen a direct impact on energy and a broad swath of agricultural commodities, and are likely to see a broadening of price pressures.
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White papersFloating to safety with senior AAA European asset-backed securities
Rising inflation and interest rates are eroding the value of cash and putting pressure on government and corporate bond yields. We believe investors can help towards protecting their portfolios by reallocating some of their cash holdings to potentially higher-yielding, defensive floating rate securities. Senior AAA European asset-backed securities (ABS) offer a sizeable yield premium for those willing to hold these positions for 6-12 months or longer.
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Asset Manager NewsMV Credit to Open Paris Office as it Expands with New Private Debt Team
MV Credit, an affiliate of Natixis Investment Managers (Natixis IM), is to open an office in Paris and integrate the former private debt team of Ostrum Asset Management as part of a strategic and geographical expansion.
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White papersThe myriad of challenges – and opportunities – facing fixed income in 2022
The question of whether inflation is likely to prove temporary or more persistent is just one of the challenges facing fixed income investors this year. Buying on the dips may no longer be sufficient as the focus of central banks switches to containing inflation rather than simply rallying to support financial markets.
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PodcastThe Investment Podcast: Inflation – is it beyond transitory and now structural?
With inflation sitting at the core of many issues that investors are grappling with today, David Parsons sits down with Miles Tym and Richard Ryan to consider the pacing of central bank policies to tackle this rising concerns, the potential danger points following interest rate hikes and how an evolving environment might impact a wider range of bond assets, specifically corporate bonds.
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White papersFranklin Templeton Investment Solutions Allocation Views: Getting spooked
Our Franklin Templeton Investment Solutions team anticipate continued above-trend growth over the next 12 months as consumers in developed economies remain in a strong financial position
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White papersEmerging markets – Short-term pain ahead of an upturn
While 2021 was not a good year for emerging asset markets (EM), 2022 may hold positive developments that could turn the region’s markets around. Our investment view is generally constructive on EM this year, although we are cautious in the near term.
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White papersGlobal corporate bonds 2022 outlook
Although global investment grade corporate bonds posted negative total returns in 2021, in large part due to rising government bond yields, excess returns were positive.
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White papersFrom Rates & Inflation to ESG: What’s Next for IG Credit?
Despite heightened risks, IG corporate bonds remain supported by an improving economy and robust corporate fundamentals.
