All Credit articles – Page 6
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White papersDistressed Credit: Changing Tides
For over a decade now, a low interest rate environment allowed for companies to take on significant levels of debt to fund their expansion efforts. Ray Costa, Benefit Street Partners, and Eric Larsson, Alcentra, discuss the impact of the changing US and European macro picture on the distressed debt market.
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White papersOn the Curve Carries On: Investing in Intermediate Corporate Fixed Income
Last year we highlighted the relative attractiveness of the intermediate part of the corporate curve. And a year later, we believe we continue to see value in the intermediate corporate credit space. In this paper, we highlight the potential opportunities for investors amidst the current valuations in high grade fixed income strategies across the curve.
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White papersInvestment View: No Pain, No Gain
‘Investment View’ provides our quarterly macro & market outlook and investment recommendations
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VideoThe lasting bond: Will global yields retain their highs?
After several years of being at rock bottom, bond yields have entered a very intriguing place.
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White papersUS vs European credit: which is more attractive?
Value had a decent 2022 while growth lagged across equity markets. This continued until March 2023, but that trend has recently been reversing. This trade-off is often associated with the relative performance of US and European stocks: US is quality growth and Europe is value, so to speak. In this weekly edition of Simply put, we ask: does the same dynamic apply in credit markets?
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White papersThe View From the Peak
Despite hawkish policymakers and very mixed economic data, the approaching plateau in rates brings more clarity and conviction to our fixed income views.
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PodcastOuterblue Convictions – H2 Outlook - Opportunities beyond a precarious path to growth
This month’s episode is a special focus on the macro-economic outlook and investment themes for 2023 and beyond.
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White papersPrivate credit: Perspectives on opportunities and risks
Even as traditional fixed income offers more attractive rates, institutional investors continue to explore alternative credit.
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White papersRelative Value & Tactical Asset Allocation: Q3 2023
As most central banks are nearing the end of the hiking cycle, JP Morgan’s Global Manufacturing PMI Index remained at a level consistent with a contraction. It was the ninth consecutive month below the neutral level of 50.
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White papersDeep waves: The sovereign debt wave—an existential threat
The population of workers in mostly high-income countries are shrinking while social costs increase. Franklin Templeton Institute Investment Strategist Kim Catechis focuses on sovereign debt and examines the drivers of these changes and offers conclusions on their investment implications.
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White papersNavigating the Evolving ESG Landscape
Expanding interest in ESG suggests that issuers are likely to be called upon for more disclosure, communication and progress in the coming years, making it crucial to effectively navigate these areas.
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White papersThree Reasons Why the Fixed Income Environment May Be Better Than You Think
While there are a number of risks creating volatility and unease across the market, there are also reasons to believe that today’s fixed income markets offer a range of compelling opportunities.
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White papersRate Reduction Bonds - Finding Value in an Esoteric Market
Although not without risk, rate reduction bonds are high-quality bonds that offer a range of duration profiles and a notable yield advantage over other similarly rated securities.
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White papersKeeping Your Balance as the Credit Cycle Turns
Striking the right balance between interest-rate and credit risk can be a good idea in the late stages of a credit cycle. We think it’s a particularly good idea in this credit cycle.
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PodcastAll The Credit, Ep. 41 - Quantitative Tightening: Unwinding Central Bank Balance Sheets
Quantitative tightening (QT), the unwinding of the large scale of purchases of a broad range of financial assets by central banks, has become a feature of monetary policy since the great financial crisis. Though central banks around the world have already started this process, given the many distractors in the market, such as the global banking crisis and the U.S. debt ceiling brinkmanship, QT has gone on somewhat unnoticed.
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White papersHow to Get the Most From Private Placement Debt
Private Placement Debt can offer fixed income investments enhanced diversification, risk-adjusted yield and downside mitigation. We anticipate growing recognition of the role it can play in a wide range of investor portfolios.
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White papersCross Asset Investment Strategy – special edition: mid-year outlook 2023
“A central bank pause supports the case for bonds. Investors will have to assess the inflation path and the earnings outlook moving into 2024, in the search for opportunities in equities.”
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White papersEquities from 10,000 Feet Up
Three of Allspring’s equity leaders identify trends they believe will be evident as well as potential risks and opportunities for equity investors in the second half of 2023.
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VideoOpportunities in US high-yield credit
Shannon Ward, fixed income portfolio manager, discusses numerous factors she believes are creating a compelling opportunity in US high-yield bonds.
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White papersDecoding success in Fixed Income: The power of security selection
Franklin Templeton Fixed Income believes there will be no Fed rate cuts this year but global central banks must continue to be vigilant, and expects a short, shallow recession in the United States and the euro area. Fixed Income Views presents the team’s third-quarter 2023 outlook.
