Fixed Income – Page 3
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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 papersStalling car auction sales suggest broader consumer weakness
The popularity of online car auctions has created a unique two-way market dataset that is liquid and representative of all the US. Alongside wider income and expenditure data, we can see consumer pressures rising up the wealth ladder.
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White papersThe extraordinary US cycle is becoming more balanced
“Progressively softer labour market conditions and positive inflation developments support gradual rate cuts, allowing the Fed to bring policy rates closer to neutral levels.”
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White papersInflation trend is falling
“With ongoing inflation swings, central banks will be increasingly data-dependent.”
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White papersUnlocking the Full Potential of Global Fixed Income
Allspring’s Plus Fixed Income team explains why they believe now is the time to utilise an unconstrained multi-sector approach to uncover opportunities in global fixed income.
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White papersBond yields in Trump 2.0
“The Federal Reserve is continuing its cut-rate path, but it will be increasingly vigilant towards any inflation risks. We expect volatility in bond markets to persist.”
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White papersStrategic Value Dividend: Why now, why always
Dividends offer stability in times of uncertainty, but, as Dan Peris, Head of Income and Value Group, argues, the returns they generate make them a smart choice in any market.
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White papersAn Investor’s Election Survival Guide
Brace for this week’s uncertainties rather than trying to trade them, and stay focused on the better-known headwinds and tailwinds in the longer-term outlook.
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White papersInsurance Fixed Income at the Top of the Cycle
How a fixed income portfolio split between core government bonds and high quality private assets can both augment yield and build strength for an economic slowdown.
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White papersAhead of the Curve: What US resilience means for bond investors
Our latest Ahead of the Curve paper examines opportunities for fixed income investors in what is likely to remain a positive environment for the asset class.
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White papersThe Fed’s Drive Toward Neutral: Slowed, but Not Stopped
The Federal Reserve stayed the course with a 25 bp rate cut on Thursday and a firm reiteration of its intention to remain on a data-determined path towards a neutral rate.
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White papersTrump’s victory signals major policy shifts ahead
The magnitude of US President-elect Donald Trump’s victory on Tuesday brings the strong likelihood he will have a mandate for his economic, market and foreign policy agenda. Winning the Electoral College and popular vote, as well as gaining Republican control of the Senate, means Trump’s key policy issues, such as tax cuts, higher tariffs and immigration curbs may come faster than expected — potentially in the early months of 2025.
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White papersThe Market Implications Carried by the GOP Wave
The outcome of the U.S. elections emerged sooner than many expected as a Republican wave is set to place the GOP in control of the White House, the Senate, and possibly the House of Representatives. We see Wednesday’s significant market reaction as more of a confirmation of the moves over recent weeks—which is understandable from a directional perspective—rather than another, new paradigm. As such, the following provides our post-election takeaways on interest rates, investment risks, and credit conditions, while the accompanying link points to our assessment of how a GOP wave may affect economic conditions going forward.
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White papersTrends and opportunities in impact credit
The fast-growing market for impact credit offers investors a rich source of opportunity and diversification. Nuveen portfolio managers Stephen Liberatore, CFA® and Jessica Zarzycki, CFA® discuss the trends and opportunities, from global issuance and innovative transactions to defining impact and balancing competing objectives.
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White papersInfrastructure debt: Capturing the mainstream
Jerome Neyroud, head of infrastructure debt investments at Schroders Capital, on why infrastructure debt is no longer niche, the appeal of the asset class and the sectors poised to drive future demand.
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White papersBeware of Buying the Dip in Bonds
Government bonds have sold off rapidly; here’s why we don’t think it’s time to buy back in.
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White papersTrends and opportunities in impact credit: Q&A with Stephen Liberatore and Jessica Zarzycki
The fast-growing market for impact credit offers investors a rich source of opportunity and diversification. Nuveen portfolio managers Stephen Liberatore, CFA® and Jessica Zarzycki, CFA® discuss the latest market developments.
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White papersBudget 2024: public debt switch likely to increase LGPS scrutiny and focus investment time horizons
During yesterday’s Budget announcement the Chancellor, Rachel Reeves, confirmed expectations that she will switch to measuring public debt using Public Sector Net Financial Liabilities (PSNFL).
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White papersGlobal Investment Views - November 2024
“We are slightly constructive on risks towards segments where fundamentals are strong, and ignore areas where upside potential looks limited.”
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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.
