Fixed Income – Page 18
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White papersUS Stock-Bond Correlation: What are the Macroeconomic Drivers?
For the last 20y, the correlation between stock and bond returns has been negative, enabling CIOs to increase stock allocations, with bonds acting as a hedge, while still satisfying a given risk budget.
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Risk Factors and Total-Return Options for Insurers
Loomis Sayles - Affiliate Publication: Investors appear to be focused on the government’s pandemic-related stimulus and vaccination programs, and are questioning inflation expectations and the implications for real yields.
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Greenium: An ally, and source of opportunities
More than ever, green bonds are the focus of attention and the curiosity they are arousing is equalled by the questions they have raised.
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Coiled Spring
Exceptional garden pinks and yellows mark the arrival of seasonal spring, but the world’s economic data outline a “coiled spring”.
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The Move to Indexing - Why Indexing Makes Sense in Fixed Income
Once, all investing was active but over time, as index strategies and products were refined, the value and efficiency of indexing has persuaded more and more investors to switch.
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Absolute return – An absolute must in fixed income
Classical fixed income is already a source of ‘return-free risk’ in this post-pandemic economy awash with central bank stimulus. Reflationary expectations have expedited the rise in interest rates and aggravated the challenges faced by traditional fixed income strategies and indices.
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European Telecoms: Fertile Ground For Credit Selection
The telecom sector’s infrastructure needs extend globally. In the U.S., the race for 5G capacity has saddled some of the world’s most indebted non-financial companies with even more debt and raised questions about the potential return on these investments.
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Understanding Your Bond Portfolio’s Carbon Footprint
Transitioning to a net-zero carbon economy* is vitally important, and to support that journey sustainable investors should monitor the carbon impact of the corporate bonds in their portfolios. But there’s a lot more to understanding a bond portfolio’s carbon footprint than conventional metrics can show.
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Fed to keep policy easy despite arrival of economic boom
Evidence continues to mount that a combination of vaccinations and stimulus are creating some of the strongest economic growth data in decades. Even so, the Fed remains committed to easy monetary policy until unemployment falls further and inflation materializes.
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Blog | The impact of worst-case climate change on sovereign debt
Sovereign bonds investors need to consider risks from the impact of climate change into their allocation decisions. Climate change implies two main categories of risks for financial stakeholders: the risks from physical impacts and transitioning to a carbon-neutral economy.
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Sustainable Debt: Global State of the Market 2020
This is the 10th iteration of Climate Bonds’ global State of the Market Report.
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All The Credit: Episode 15
This podcast episode provides listeners with, quite literally, a view of all the credit. From corporate fundamentals to sector winners and losers, Rich Greenwood, PGIM Fixed Income’s Head of Credit & Co-Head of EMEA, delivers his insights on the credit market amidst the COVID-19 recovery
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Blog | How stretched are US valuations?
Stock valuations have surged globally this year, but none has climbed as high as those of the US benchmarks. Here’s where they stand relative to their own history and compared with peers.
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Unveiling the outlook behind China’s distorted Q1 GDP report
China’s economy grew robustly in the first quarter of 2021, at least on the face of it. However, underlying growth momentum has slowed. This should reduce any risk of monetary tightening that investors are worried about.
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Time to Start Thinking About Thinking
The Fed doesn’t need to act anytime soon, but Powell needs to reassure investors that he sees the same strong data they do.
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The multiple benefits of a multi-asset infrastructure approach?
The benefits of blending debt and equity to diversify a portfolio are well-known, and long ago gave rise to multi-asset investing.
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Investing For Growth And Prosperity: In Africa Sovereign Wealth Funds Focus On G, S And E
A research report on the key themes and challenges for Africa’s sovereign wealth funds.
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Why Now May Be a Good Time to Consider CLOs
A wave of refinancings has tested the CLO market’s capacity, but it has also created relative value opportunities up and down the capital structure—particularly in seasoned, BB deals.
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The problem with credit indices
The UK institutional client base is reliant on fixed income securities to meet its long-term requirement for stable, long-term, income- generating assets.
