Fixed Income – Page 10
-
White papersOpportunity in Investment-Grade Credit
Investment-grade credit is currently offering impressive yields, with relatively less risk than other fixed income sectors, according to Josh Lohmeier of Franklin Templeton Fixed Income. He makes a case for investing in the space today.
-
White papersESG in private credit: A key differentiator?
Although ESG integration is still relatively nascent in the private debt sphere, advances are being made as lenders take into account the long-term risks entailed with debt issuance.
-
White papersPeter Harrison: The City needs to embrace risk
Proposals to overhaul listings rules are a step in the right direction but much more work needs to be done.
-
White papersEuro-denominated short duration – only upside from here?
The ECB is at or near the end of its historic monetary tightening cycle. From this point, we believe investors in euro-denominated short duration debt may well stand to benefit – whatever happens next.
-
White papersWhy ABS could be an attractive option for European insurers
A fundamental shift in the UK defined benefit (DB) pension market, sparked in September 2022 by the government’s ‘mini budget’, opened the doors to potential opportunities across the balance sheet for insurance companies. Here we explore how European insurers may be in a position to take advantage of the compelling risk adjusted returns on offer in the European ABS market.
-
White papersGo global for higher income
There is a new reality taking shape in global markets and investors may need to reset their expectations.
-
White papersWeathering the storm: Exploring climate change adaptation and the investor’s imperative
The Franklin Templeton Fixed Income team believe that issuers that think critically about the environment in which they operate could outperform throughout the full market cycle compared with those who are slower to adapt.
-
White papersConsidering potential opportunities in Significant Risk Transfer
A Significant Risk Transfer (SRT) transaction is a first or second loss protection purchased by a bank on a diversified pool of core lending assets, for example, loans to large corporations, as well as SMEs. Although the origins of the SRT market date back to the 1990s, it has only existed as recognised today since the introduction of Basel II in 2007. Here, we explore why now could be a good moment for patient investors to consider SRT transactions, and why this potentially compelling opportunity could be short-lived given where we are in the economic cycle.
-
White papersGlobal Investment Views - September 2023
”The current asymmetric risk/return profile doesn’t call for increasing risks. Instead, investors should stay balanced and search for signals regarding confirmation of the economic direction.”
-
White papersNavigating by Flashes of Lightning
Central banks may be reluctant to hike further, but as long as they tie themselves to incoming data their hands may be forced.
-
White papersEmerging Market Green Bonds - Report 2022
The year 2022 proved a challenging one for international capital markets. For only the fifth time in the last 100 years, U.S. Treasuries and the S&P 500 both ended the year lower than where they started.
-
White papersExpect a Few Bumps, but No Accidents, in Auto ABS
In this paper, the Liquidity Solutions team defines benefits of holding asset-backed securities (ABS) in fixed-income portfolios and focuses on the attractive fundamentals of automotive sector ABS in today’s markets.
-
White papersGCC/MENA Bond Market Update: Fixed income markets remained volatile in August
Fixed income markets remained volatile in August. In the US, US Federal Reserve (Fed) Chair Powell spoke at the Jackson Hole Economic Symposium, reiterating the central bank’s data dependence but also highlighting that if the economy does not cool as expected further monetary policy tightening may be warranted.
-
White papersEurozone commercial real estate reset creates opportunities for debt investors
The sharp rise in interest rates over the last year has lowered valuations and led buyers to demand higher yields when acquiring commercial property. Banks have increased their scrutiny and caution, reducing loan-to-value funding ratios. While there is still demand from borrowers, especially for refinancing maturing debt, the amount of debt offered by banks per square metre is lower. We believe this environment presents an attractive opportunity for investors.
-
White papersThe future of private credit
Private credit is now widely recognized as an alternative asset class that can deliver stable, uncorrelated returns for institutional investors.
-
White papersSize matters for Arcmont and Churchill
In this latest Insight with Private Debt Investor, Arcmont and Churchill’s CEOs discuss their expanded expertise, global presence and how the combined $67 billion private capital platform will provide the size and scale for the two private debt managers to deliver new products and capabilities for its combined 600+ investor base across the globe.
-
White papersInnovation in impact bonds
The growth and innovation in the impact bond market has unlocked new opportunities for investors to provide capital for projects that have a positive social and/or environmental impact while generating competitive returns.
-
White papersNot all yield-curve steepenings are alike
End-of-cycle periods come and go, and they all tend to resemble each other. Inflation that exceeds central-bank targets legitimises increases in short rates, leading to long rates rising in anticipation. This opens the door to the prospect of different kinds of ‘steepenings’. In this weekly instalment of Simply put, we investigate the current outlook for the yield curve.
-
White papersUnlock income opportunities across key credit sectors
As rate cycles around the world move toward their peak, we could now be at an inflection point for fixed income.
-
White papersIncome Generator: Back in Bonds
Bonds are once again becoming a cornerstone allocation within portfolios. We explain five actions bond investors could consider to capitalize on current trends we’ve identified.
