Fixed Income – Page 23
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What the banking sector turmoil means for tech, monetary policy and investors
Markets have experienced a wave of volatility in the wake of the failure of Silicon Valley Bank (SVB) and UBS’ takeover of Credit Suisse. Concerns have understandably risen over the health of the wider banking and technology sectors and some commentators have drawn comparisons to the 2008 financial crisis.
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France: The pension reform puts politics under strain, but major instability unlikely
In the National Assembly (lower house), the centrist alliance Ensemble (Renaissance, Modem, Horizons) represents 250 deputies, which is not enough to obtain an absolute majority (287). The absolute majority (289 votes in normal circumstances) is currently 287 because four seats remain unfilled.
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2023 U.S. investment grade credit supply: Will there be enough bonds to go around?
The U.S. investment grade credit (IG) market’s voracious appetite for bonds may not be fully satisfied in 2023. In 2022, feast or famine punctuated the $1.22 trillion supply, as nearly 50 days featured no issuance. Corporate borrowers glommed together and found strength in numbers when they issued debt, striking when the iron was hot.
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Multi-Sector Credit: Making an impact with a focus on valuation anomalies
In order to fund the transition to a more sustainable economy, and to make a greater impact, investing and engaging with those harder to green sectors will be vital.
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Weathering the storm of uncertainty – how resilient is High Yield?
Holding sufficient cash, maintaining a portfolio with diverse liquidity sources, adept and nimble trading are the best ways to combat this risk.
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Public and Private European Credit – where is the sweet spot?
European markets are appealing again, and public and private credit could offer a rewarding mix. David Zahn, Head of Sustainable and European Fixed Income, and Howard Sharp, Co-Head of Private Credit, discuss outlook for these two assets and what’s the role they can play in investors’ portfolios.
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Local-currency emerging market debt: A distinctive asset class
Franklin Templeton Fixed Income suggests that investing in local-currency and hard-currency emerging market debt has many similarities. In this paper they consider those factors and the opportunities available.
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Update: Silicon Valley Bank
In the wake of Silicon Valley Bank’s failure, several leaders within Allspring’s risk management, fixed income, and equity teams share their perspectives and how their teams have been handling the recent events.
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Multi-asset Allocation Views: “Magical Mystery Tour”
In this Allocation Views, our Franklin Templeton Investment Solutions team believe the prospect of policy rates remaining higher for longer has been a reality check on investor sentiment and helps to reinforce the team’s preference for a moderately cautious view of stocks.
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Real estate debt: Seeking risk mitigation and return potential
Real estate debt continues to demonstrate relative resilience in these volatile times, in our view. Indeed, some three years on from the onset of the Covid-19 pandemic we believe the nature of the asset class continues to offer downside protection and attractive return potential.
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The Road to Decarbonization Is Bumpy. Carbon Allowances Can Help.
The global pursuit to limit rising temperatures has bolstered carbon allowances markets. As these instruments flourish, they’ve become a distinct asset class that offers hedging and other benefits in a portfolio.
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European Private Loans Benefit from Credit Crunch
With Europe’s public debt markets tightening as its corporate borrowers seek to refinance, private lenders sense an opportunity.
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What’s in Store for US Insurers in 2023?
Insurers’ risk controls and investment skills faced stiff tests in 2022, as both inflation and interest rates skyrocketed and nearly every asset class endured a sharp selloff. With traditional diversification approaches failing, investors had nowhere to hide.
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10 investment themes for 2023
Although many investors are expecting a return to normal after inflation subsides and central banks stop raising interest rates, we believe markets are undergoing significant changes and it might be necessary to reset expectations in this new environment.
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Climate Transition: Burning Questions for Credit Strategies
Transitioning the global economy to net-zero emissions presents a significant challenge, but it also offers an opportunity for fixed income investors—in energy, utilities, and beyond.
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Is 2023 the year of value-add?
These are, it has to be said, dramatic times. No sooner than most of the world was starting to emerge from the long shadow of the COVID-19 pandemic, it was confronted with another crisis.
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Active fixed income ETFs in the spotlight
Given challenging market conditions, it looks like the time for active fixed income ETFs to shine, according to Jason Xavier, Head of EMEA ETF Capital Markets. He explains why he sees more growth in this area.
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Fixed Income: Securitized sectors outlook and opportunities
Fixed income is once again offering income, leading to attractive risk-adjusted return profiles in some segments of securitized sectors. As investors look to take advantage of higher yields, securitized sectors can offer not only income opportunities, but also uncorrelated returns and diversification benefits.
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New data hints rate hiking is far from over
Plans for the European Central Bank (ECB) to continue to hike interest rates gain momentum following better-than-expected economic data releases.
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Hard to Ignore: Risk/Return Profiles of Private Credit and Senior Private Credit
The size of the private debt market currently stands at an estimated $1.2 trillion. And with private credit AUM increasing over 10% annually for the past decade, Hamilton Lane believes that the opportunity for future investment remains robust.