All Corporate Bonds articles – Page 7
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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.
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White papersEmerging market debt outlook for 2025: Ready for Trump 2.0?
Looking ahead to 2025, the macro environment, in theory, sets the stage for a friendly backdrop in emerging markets (EM), especially given widespread disinflation, which should allow most major central banks to significantly ease rates throughout the year.
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White papersThe constructive outlook for sustainable corporate bonds
Renewed economic growth and lower interest rates should support corporate bonds generally. Sustainable corporate bonds in particular may benefit from additional tailwinds and provide investors with opportunities to boost returns and temper credit risk, write Michel Baud and Yrieix De James.
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White papersGlobal Investment Grade Corporates: Let the Good Times Roll!
Major central banks easing policy, solid economic growth and moderating inflation should bode well for global investment grade corporate credit. So, is global investment grade corporate the current sweet spot in fixed income? We think it might just be.
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White papersStanding Out in IG Credit
Current yields and total return prospects are presenting an attractive case for IG credit—but a global and flexible approach is key to capturing the diverse range of potential opportunities to generate alpha.
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White papersQT or Not QT?
Against the aggressive expansion of the balance sheet in response to the COVID pandemic, the Federal Reserve expanded its balance sheet from $4.1 trillion, or 18.8% of GDP, to a peak of $9.0 trillion, or 35.6% of GDP, in Q1 2022. This is nearly double the pre-COVID level, which was already elevated relative to the balance sheet seen in the wake of the Great Financial Crisis.
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White papersInvestment Grade Spreads: Tighter for Longer?
Spreads on IG bonds have been tight for most of the past year. Are we finally going to see a widening out of spreads? Even though spreads have been unusually tight for a long time, we expect that spreads will remain tight until markets become convinced about either a recession or a soft landing before we see material and persistent spread widening.
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White papersFixed Income Outlook: Navigating the final stretch of 2024
The onset of a new rate-cutting cycle, coupled with divergent regional economic growth trends, presents a promising landscape for active bond managers. Yet inflationary and geopolitical risks lurk in the background. Against a macro environment with many moving parts, five fixed income managers from across Generali Investments explain their investment views for the last leg of 2024.
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White papersFixed Income Investment Outlook 4Q 2024
With the U.S. Federal Reserve’s recent interest rate cut, we anticipate broad easing by central banks over the next year across the developed world. However, some caution may be warranted on duration, as markets may be overly optimistic about the initial pace of reductions. Meanwhile still sturdy, if softening, economic conditions along with strong investor demand have contributed to narrow corporate credit spreads, reinforcing the value of a quality emphasis and drawing on yield and price opportunities wherever they emerge.
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White papersFixed income perspectives 4Q 2024: Capturing fixed income opportunities as central banks shift gears
The outlook, themes, and investment implications for global fixed income markets
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White papersWhen the stars align: Opportunities in global investment grade corporate bonds
The turn in the interest rate cycle toward lower rates potentially provides a strong backdrop for fixed income. And with its high quality, attractive yield and duration profile, we believe investment grade credit could be well positioned to provide investors with strong returns over the coming investment cycle.
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White papersRiding the technical tailwinds: The outlook for investment-grade credit
Credit markets have had a comparatively easy ride so far in 2024, and investment-grade corporate spreads are now at some of their tightest levels for a long time. But investors must guard against complacency.
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White papersAn ABS renaissance? Why it may be time for insurers to reconsider asset-backed securities
Securitisation performs a vital role in capital markets and asset-backed securities have historically been a core holding for insurance companies. This article revisits the investment thesis for ABS and explores why the stage may be set for something of a renaissance.
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White papersCorporate Hybrid Issuers Adopt a 30-Year Maturity Standard
A growing trend for issuing corporate hybrids with shorter contractual maturities is further reducing aspects of risk in the asset class. Recent corporate hybrid issuance, in both Europe and the U.S., suggests a trend for moving from long-dated or perpetual contractual maturity structures to shorter-dated 30-year maturities.
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White papersCentral banks divergences on display
The Fed left interest rates unchanged in its latest policy meeting in July but acknowledged that price pressures are subsiding. This could encourage the Fed to reduce interest rates later this year. Across the Atlantic, the Bank of England (BoE) implemented its first rate cut since early 2020 on abating inflation in the UK. In contrast, the Bank of Japan (BoJ) raised policy rates for the second time this year to control upward pressures on inflation.
