Fixed Income – Page 40
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White papersThe More Things Change, Part II
Banking stresses may have tightened conditions enough for policymakers to pause their hiking cycles indefinitely.
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White papersGlobal Investment Views - April 2023
“We are moving towards a more uncertain economic backdrop, with lower visibility on central bank actions. This calls for a prudent stance on risk assets.”
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White papersWhy the Post-Pandemic Economy Will Run Hot
As the U.S. Federal Reserve wrestles inflation lower, investors wonder increasingly if its traditional target still makes sense. Should policymakers really insist on driving inflation all the way down to 2%? Haven’t pandemic and war fundamentally altered global dynamics that drove rates ever lower? Isn’t this time … different?
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White papersA Domino Effect?
At Allspring, we’re committed to being purposefully divergent. Our investment professionals are free to voice their own views, and their perspectives enable us to more holistically “see” both potential opportunities and risks.
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White papersWhat 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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White papersFrance: 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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White papers2023 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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White papersUpdate: 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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White papersReal 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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White papersThe 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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White papersEuropean 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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White papersWhat’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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White papers10 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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White papersClimate 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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White papersIs 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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White papersNew 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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White papersNotes from the Road: Inflation, Private Assets and a Cautious Consensus
The beginning of the year always offers a chance to catch up with a broad range of clients who are in the mode of thinking about the big picture outlook: pension funds, insurers, consultants and sovereign wealth funds across Australia, Asia, Europe and North America. This note reflects on the key issues that clients have wanted to talk about in the early months of this year. Collectively, these topics give us a picture of what’s on investors’ minds.
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White papersMulti-sector fixed income 2023
2022 was a year for the record books in U.S. fixed income markets. The Bloomberg U.S. Aggregate Bond Index (“the Agg”) celebrates its 50th anniversary in 2023. In those 50 years, 2022’s calendar year total return of -13.01% was unprecedented. The prior record was 1994 (-2.92%); in fact, the cumulative total return of the previous four negative years (1994, 1999, 2013, and 2021) was only -7.30%
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White papers360° fixed income report Q1 2023: Inflation, disinflation, inflection
In the latest edition of our 360° report, the team reflect on what has been a promising start for fixed income in 2023. Can the rally sustain, has too much of the good news already been priced in, and what will shape the narrative over the course of this year?
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White papersPolitics, Deficits and the Debt Limit
We firmly believe that Congress will ultimately raise the debt limit, but it’s worth remembering that political drama affects markets.
