Fixed Income
-
White papersBlog | China’s WGBI entry will confirm its arrival as a global market
China’s arrival in global indexes changes the nature of the asset allocation decision for global investors benchmarked against them. Investors may now need reasons to justify not investing strategically in Chinese government bonds, rather than a justification for doing so tactically when they were not included in benchmark indexes.
-
White papers
High Yield Debt Can Boost Income And Return Potential Amid Low Yields
Volatility and low yields are likely to persist over the next few years as the global economy recovers from the shock of the coronavirus.
-
White papers
The inflation moment - Strategies to protect portfolios from inflation risk
As the global economy emerges from its worst slump since the 1930s, we envisage plenty of inflation fertilisers at stake, especially in the United States. Inflationary trends could emerge due to a combination of factors, including the cyclical recovery as countries try to get the pandemic under control and gradually lift mitigation measures
-
White papers
Market Optics: Visualizing Data to Power Decision-Making
The Federal Reserve (Fed) has revised higher its growth forecast for 2021. So have many on Wall Street. Fiscal and monetary support will likely help speed along the economic recovery as people simply restart living their lives.
-
White papers
Do Surging Public Debt levels bring Higher (or lower) Bond Yields?
The narrative that rising public debt levels bring higher interest rates, as well as risks of economic and financial disruptions, is a foundation of classical economics.
-
White papers
Filtering Shades of Green through our Green Bond Framework
Green Bond issuance is surging, but not all Green Bonds are equal. Some carry a much greater ESG impact than others.
-
White papers
Infinity and beyond banks: the never-ending battle between old money and big tech
This month, Fiorino examines the tussle between banks and the increasingly belligerent Big Tech sector.
-
White papers
NGEU soon to be rolled out: the EU has (almost) done its part; now comes the member-states’ turn
In leading the way to NGEU, the Covid crisis may have marked a crucial milestone in European construction. The amounts involved are high enough to play a decisive role, both in accelerating the cyclical recovery (especially in “peripheral” countries) and in providing a supply-side improvement. Member-states, however, will face a major challenge in absorbing them rapidly and productively.
-
White papers
China in the global inflation scare
Markets are worrying about rising inflation, but to date, there has been no evidence yet of ‘demand-pull’ inflation amplifying cost-push pressures, especially in Asia. There is also no sign of a global wage-price spiral. Nevertheless, we believe there are reasons to be concerned.
-
White papers
Blog | Let’s get real – inflation-linked protection and improving index tracking
After central banks responded with substantial Quantitative Easing programs (QE), following the COVID shock in Q1 2020 and the beginning of the vaccine rollouts, demand for inflation-linked bonds has increased.
-
White papers
Emerging Market Debt: Strong, Mature and Core
Investors who have long considered emerging market (EM) debt to be ancillary to their core portfolio may want to give the asset class another look.
-
White papers
Green Bonds: Mitigate Climate Risks, Capture Investment Opportunities and Fund the Transition
Would you like to make a positive impact through your investments? We argue that investors in listed securities who want to encourage more sustainable corporate behaviour should invest in green bonds.
-
White papers
Inflation, Expectations & Listening to Your Parrot
“Catch a parrot,” goes the old adage, “teach him to say ‘supply and demand’ and you have an excellent economist.”
-
White papers
China Bond Report - May 2021
In this paper, we assess the impact following the recent announcement that Chinese government bonds will join the FTSE Russell World government bond index, or WGBI, over a period of 36 months from October 2021—we consider both private sector and official holdings.
-
White papers
Reflation and Rotation: It’s Not Over
Despite the confirmation of a strong global economic recovery, interest rates fell last month. This decline is the result of both a fall in the inflation premium and a decline in the growth premium embedded in the nominal rates of sovereign bonds.
-
White papers
Blog | Not everyone’s a winner: mitigating climate and inflation risk
Market expectations for a global economic recovery and fiscal stimulus have spurred heightened inflation expectations—making inflation protection a priority for many investors.
-
White papers
Blog | The sukuk market: growing, underserved and resilient in the COVID crisis
The sukuk market has grown considerably over the past decade, with several reasons driving the increased demand for global shariah-compliant bonds. Notably among these growth drivers is the global sukuk market’s track record of delivering strong risk-adjusted returns relative to other emerging market bonds—particularly during the COVID-19 crisis.
-
White papers
Income Generator: Innovations in Sustainable Fixed Income Investing
Sustainable investing is a top priority for many today. We can see that interest across the investment spectrum—from investors, to companies that issue new securities, to asset managers that are creating new products and to regulators that are formalising guidelines regarding sustainability.
-
White papers
US inflation – Higher for longer?
US inflation looks set to rise significantly heading into the summer. Contrary to the view that this will be a temporary increase, a number of forces could combine to create greater structural pressure pushing prices higher for longer.
-
White papers
A Case For: Sustainable Climate Bond Strategy
State Street Global Advisors has developed a breakthrough climate bond strategy. Our climate-aware investment process enables you to immediately improve your portfolio’s carbon profile and reduce climate risk, while maintaining target returns.
