Fixed Income – Page 71
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White papersIn Credit: Government lifeline for Venetian banking gondola
It was a quiet week for core government bond markets with yields broadly unchanged.
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White papersTaking Control of Your Bond Market Risk
Rising interest rates. Stretched valuations. Populist politics. These are some of the challenges bond investors face today. They’re also reminders of why it’s so important to manage interest-rate and credit risk in an integrated way.
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White papersIn Credit: ‘Alexa...Buy me Wholefoods’
The US bond rally continues – fuelled by a lack of inflation.
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White papersThe Fed Hikes Rates — but Faces a Dilemma
The Fed’s rate hike Wednesday was thoroughly unsurprising. But under the surface calm, policymakers are wrestling with a dilemma in the US economy that will be a major influence on policy ahead.
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White papersThe Truth Behind the Passive Muni Ladder
On the surface, passive municipal ladders seem like a sensible investment. Simple. Easy. Cheap. But the numbers don’t lie.
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White papersIn Credit: ‘This is what it sounds like when doves cry’
It was a rather mixed week for core government bonds. After this week’s dovish ECB meeting the market now expects European interest rates to remain in negative territory for the next three years (see chart of the week).
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White papersAre Europe’s Financials Finally Fixing Their Flaws?
Does the swift rescue of Spain’s Banco Popular suggest that Europe is finally fixing its flawed banks? And do the terms of the rescue raise new risks for holders of banks’ more subordinated bonds?
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White papersThe QE Tapering Checklist
Europe’s bond markets are preparing for the European Central Bank (ECB) to call time on the quantitative easing (QE) bond-buying program aimed at boosting Europe’s sluggish economy. With the economy now in much better shape, there are growing expectations that the ECB will start to wind down—or taper—QE soon.
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White papersIn Credit: US surprises to the downside...
Core government bond yields remain on a downward trend as US economic data continues to surprise to the downside and there remain few signs of accelerating inflation.
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White papersThe green shoots of recovery
In 2016, the green bond market was worth more than $90bn, a 120% increase on the previous year’s figure.
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White papersUniversity bond issues: Making the grade
Guillaume highlights that our top UK universities are among the best in the world, making their bonds potentially attractive investments.
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White papersDon’t let interest rate risk keep you out of fixed income
Fixed income investors tend to focus on interest rates and worry that when interest rates rise the value of bonds goes down.
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White papersHow Asian Credit Can Add Ballast to Your Portfolio
An improving global economy and expectations of tighter monetary policy may trigger volatility in bond markets. How can fixed-income investors dampen the effect on their portfolios? One answer may be US-dollar Asian corporate bonds.
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White papersIn Credit: Honey, I shrunk the market...
The Federal Open Market Committee (FOMC) minutes confirmed that, as expected, there will be a rate hike in the US next month.
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White papersUS Municipals - Market in Focus: Shift in EU Investors Towards US Municipal Bonds
As of June 2017, 46% of outstanding government bonds in the Eurozone were yielding less than zero. In addition, the other major borrower, Japan, is also yielding negative. As per an estimate, USD10trn worth of outstanding corporate and government debt has its yields in the negative territory. Although this is less than the peak seen in September 2015 (USD14trn worth of debt was negative-yielding), the trend reversal does not seem secular as negative-yielding debt has risen since March 2017.
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White papersFrench Presidential Elections: OAT/Bund spread - recent trends, equilibrium value and perspectives
Interest rate differentials between France and Germany rose sharply in the months leading up to the French presidential elections and even reached levels never seen since 2011.
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White papersIn Credit: Macron sweeps to victory
Core bond yields edged modestly higher in the last week faced with a more hawkish US central bank; robust employment data; and an easy victory for Macron in the French election.
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White papersFloating Rate Notes can help prepare for a hike in interest rates
In a fast changing environment, FRNs are an increasingly attractive asset class, as they allow investors to reduce the sensitivity to interest rates fluctuations and to capture some potential yield.
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White papersAsia’s markets appear set to withstand US rate rises
Bond and currency markets have strong fundamentals and look ready to ride the US interest rate cycle comfortably.
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White papersIn Credit: Prague-matic central bank removes currency cap
A combination of mixed US economic data, Trump’s missile strike in Syria, headlines around the US and North Korea and news of attacks in Russia and Sweden all served to keep a lid on core government bond yields over the week.
