Fixed Income – Page 68
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ECB: Still dovish, but fixed income investors should be ready for a new phase
What are your views on ECB policy going forward?
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In Credit: Sentiment and reality
Core government bond markets continued to improve for a second week with yields lower, especially in Europe and the UK. Italian government bond spreads, however, were wider on election uncertainty.
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The Inflation Tide Is Ready to Turn
Inflation has been stubbornly low, leading many to question traditional gauges like the Phillips Curve.
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Emerging-Market Debt: Our Outlook for 2018—and Beyond
Emerging-market debt has the potential to boost income and returns in 2018.
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What the recent market move means for European credit
Not a cycle reversal. We qualify the recent price actions as corrections, not as a cycle reversal. This position is mainly supported by past performance: profit taking is appealing when volatility increases.
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The improvement of peripheral bonds’ fundamentals has accelerated
Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn).
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Incorporating Environmental, Social and Governance Factors into Sovereign Bond Analysis
John Beck, SVP Director of Global Fixed Income, discusses how ESG factors are incorporated into sovereign bond analysis and why such factors are increasingly important for portfolios he and his team manage at Franklin Templeton.
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US credit: don’t worry about the macro, focus on technicals
What should we expect for US credit in 2018, in a context where spreads and volatility are closing in on cycle lows?
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Private debt: digging below the surface
With a wide range of yields on offer, investors should take a considered approach to assessing the relative merits of different types of private debt to achieve the best outcomes, writes John Dewey
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Fixed income playbook 2018: less risk, more diversification
On the heels of two good years in the bond market, the best days for fixed income are likely behind us. 2016 produced strong returns in most sectors, especially high yield corporate bonds, which generated double digit gains.
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Commodities hitch a ride on global growth
Highly favourable tailwinds give us confidence that commodity prices will push significantly higher in 2018.
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Breaking down borders in corporate bond markets
There are several features of overseas investing in corporate bond markets that are often misunderstood.
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This Month's topic: CSPP leading the late phase of ECB QE
The ECB has already started “tapering” less corporate purchases than other programmes since April 2017, the month which saw the reduction from €80bn to €60bn of monthly purchases.
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The FED and tax reform: what's next for fixed income investors?
Fed: The FOMC decided to raise the fed funds target range for the third time this year to 1.25-1.50%.
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Investment takeaways from ECB year-end meeting
ECB growth expectations: The Eurozone is ending 2017 on surprisingly strong footing, resulting in a significant upward revision for GDP growth in 2018 (from 1.8 to 2.3%).
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Infrastructure debt: ready to ride on the road to rising rates
Our paper explores how investors can navigate the infrastructure sector in an environment of rising interest rates.
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Credit Continuum: How to make it happen
The Credit Continuum solution, while being a Buy & Watch solution, offers a high flexibility in terms of calibration of the key investment parameters and set of market segments.
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The "new normal" turned into the old normal: Our economic outlook for 2018
In this year’s global economic outlook we examine the outlook for the United States and the rest of the world, ask if the coming fiscal stimulus in developed countries could boost this expansion even further, try to shed some light on how central bank attempts to normalize monetary policy might impact the stock market, and investigate the asset class implications of this cyclical upturn and of less-accommodative monetary policy.