Fixed Income – Page 5
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White papersPitchbook: Q&A: Barings BDC’s Freund Says Inbound Deal Activity Strong, Pricing May Tighten
Matt Freund recently shared his thoughts on the current state of the private credit market with PitchBook LCD.
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White papersEM Sovereign Debt: Spreads Are Tight… So What?
A superficial look at EM sovereign spreads suggests they may be too tight to offer attractive upside. We disagree, and here’s why.
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White papersFour Reasons to Revisit EM Corporate Short Duration Debt
Against a potentially higher-for-longer backdrop, a short-dated approach to EM corporate debt can provide an opportunity to pick up income, incremental yield and diversification, with less volatility.
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White papersAre U.S. and European Bonds About to Break Ranks?
The two markets have marched in lockstep for several months, setting up the potential for attractive relative-value and dispersion trades.
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White papersSpecialty Finance: High-Yielding, Short-Duration and Uncorrelated Private Credit
The underlying assets, bespoke structuring and market dynamics of Specialty Finance can complement a traditional private debt strategy.
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White papersPrivate credit: Europe vs the US
The global private credit market is dominated by the US and Europe. M&G believe the European market is set to expand more rapidly. What are the key differences within each region? Which could potentially offer the most attractive risk/return? Our latest insight provides a roadmap for investors.
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White papersEU election results and French politics
The 2024 European Parliament elections took place between 6 and 9 June 2024. The results indicate that the centrist parties should be able to form a working coalition. The European People’s Party (EPP) increased its parliamentary seats. At the same time, parties such as Identity and Democracy (ID) and European Conservatives and Reformists (ECR) with far-right credentials also gained seats.
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White papersEuropean loans: Why now?
BSP-Alcentra believes the European loan market has a more defensive sector profile, and an allocation to European loans is still very attractive, even within a declining interest-rate environment.
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White papersCredit where credit is due
During the past quarter century or so, a blend of European credit would have delivered better returns at lower risk than the standard balanced portfolio
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White papersTailoring the Taylor Rule for a clearer steer on rates
What will happen to interest rates this year? We’ve developed a modified version of the Taylor Rule which might have the answers.
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White papersThe ECB initiates rate cuts after a long gap
“The ECB avoided any surprises for the markets as it reduced policy rates amid decelerating inflation, which could boost appetite for European fixed income.”
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White papersCocos – a unique flavour combination
Premier Miton’s Lloyd Harris, Head of Fixed Income, highlights how contingent convertibles can offer investors a unique opportunity in today’s higher interest rate environment.
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White papersBond investing when Central Banks are in motion
2024 is establishing a new market dynamic for bond investors. After the great repricing of 2022 and 2023 when market attention was mainly tilted towards inflation, 2024 is increasingly seeing a more balanced focus towards both inflation and growth. Moving ahead, the slowdown in inflation should continue, although reaching the 2% target may take longer than initially expected by the market, and the route is going to be bumpy as inflation remains sticky.
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White papersLocal banks lead on physical climate risk
The increased frequency of wildfires and flash flooding is already hitting insurance companies. But what about the climate exposures faced by banks in their mortgage and commercial loan books? Will Farrell investigates.
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White papersAdapting to a shifting liquidity backdrop
Many UK money market funds have been extending weighted average maturities as the BoE considers rate cuts.
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White papersBonds, bullets and barbells – what happens after yield curve inversion?
Much has been said recently about when and why investors should consider extending duration. With interest rates at or near peaks, the potential to realise higher yields for longer may also offer the opportunity to achieve greater total returns by extending duration in advance of any decline in rates. When investors determine the time is right to extend duration, they may want to consider different methods for re-allocating available cash.
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White papersHigh yield: once again doing what it says on the tin
In investing, where trends can shift rapidly and market conditions are ever-changing, the allure of fixed income was that it did what it said on the tin: stable and reliable returns. The global financial crisis (GFC), however, saw a transformation of the landscape marked by falling and persistently low interest rates and, subsequently, yields. Suddenly fixed income wasn’t so reliable. But with that movement in reverse, we believe bonds could be a safer bet than equities over the next few years.
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White papersGrasping the Private Markets Opportunity: Accessing Private Credit for UK Defined Contribution Savers
Historically, UK DC pension plans have struggled to invest in private markets. But today, new investing approaches can enable DC savers to access the return potential of markets such as private credit.
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White papersAT1s: Finding the Risk/Reward Sweet Spot
It’s been over a year since Credit Suisse; subordinated financials once again offer significant potential for credit experts with the tools to identify the right paper while riding the volatility.
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White papersInfrastructure debt in a sweet spot for 2024
Attractive risk-adjusted returns during uncertain times
