All Fixed Income articles
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White papersInflation Squeezes Consumers and Producers Alike
Inflation isn’t just a headline, it’s spreading through the supply chain. Energy costs are lifting producer and import prices, increasing the risk of persistent inflation. Even if energy pressures ease, underlying inflationary momentum is likely to remain.
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White papersEuro credit: Investment potential amid global uncertainty
Credit markets entered 2026 on a solid footing, but the landscape has since shifted significantly. What began as a year of macro optimism was tested by two successive shocks: AI-driven disruptions to private credit, and latterly, the Middle East conflict which reignited stagflation fears. However, despite this backdrop, the asset class has demonstrated notable resilience.
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PodcastBond Market Volatility, Yield Curves & Equity Resilience - Investment views by Outerblue Convictions
Global markets are being shaped by a fast-moving geopolitical backdrop, with rising tensions in the Middle East and uncertainty around the Strait of Hormuz adding to volatility across rates, credit and equities. In this episode of Outerblue Convictions, host Swaha Pattanaik speaks with Monica Defend, Head of the Amundi Investment Institute, about how the team is interpreting the latest moves in macro and bond market volatility, and what this means for portfolio allocation.
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White papersIlliquidity premia in private debt: Q1 2026
In our Q1 2026 deep dive, our research team crunched the data to explore how evolving macro conditions are reflected in private debt returns
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White papersDuration offers an opportunity as odds grow for Iran off-ramp
Inflation pressure, potential monetary tightening and the Iran conflict have pushed bond yields higher.
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VideoHow does our trade finance process work?
In this video, Jingjing Pan, Senior Investment Analyst, outlines how credit quality, disciplined structuring and diversification can support resilient, risk-adjusted returns.
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White papersQ1 2026 Investment Grade Corporate Market Review and Outlook
MetLife Investment Management’s “Q1 2026 Investment Grade Corporate Market Review and Outlook” highlights a volatile start to the year driven by policy shifts, geopolitical tensions and elevated issuance. Despite increased uncertainty, credit markets remained resilient as higher yields continued to support investor demand.
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White papersCIO Weekly: Interest Rates Come Back Into Focus
With all the focus on geopolitics, interest rates remain an important foundation for markets, and last week’s move higher in long-end yields provided a stark reminder of that.
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White papersRethinking global diversification
The Russia-Ukraine war, the rise of tariffs and, most recently, the energy crisis are all triggers of a new geo-economic regime, where the forces shaping markets are broader and more structural.
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White papersRising yields, rising uncertainty
“Bond yields at the short end of the curve moved up as markets repriced central bank action in response to inflation. Long-end yields rose mainly because of higher risk premium, as the war in the Middle East continues to create uncertainty.”
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White papersRisk assets face off with rising global bond yields
The recent interest rate turmoil has driven long‑dated government bond yields to notable historical extremes, with U.S. 30-year yields hitting their highest level since 2007, 30-year JGBs since their introduction in 1999, UK gilts since 1997, and German bunds since 2011. Yet, simultaneously, equities have absorbed the rise in yields without too much damage, supported by a strong earnings environment. That resilience should not be taken for granted, however, as the balance of risks is becoming increasingly finely poised.
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White papersRising global bond yields: The test for risk assets
Global bond markets have sold off sharply in recent weeks, pushing long-end yields to multi-decade highs across major markets. U.S. 30-year yields hit their highest level since 2007, 30-year JGBs since their introduction in 1999, UK gilts since 1997, and German bunds since 2011.
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White papersDeglobalisation: Downing the desire for duration
In the latest Fixed on Bonds blog, Premier Miton Fund Manager Simon Prior looks at why fragmenting supply chains can reduce economies of scale and add to cost pressures over time, ultimately feeding through to consumers.
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White papersInflation is back. Where next for investors?
The sudden Iran-led energy shock has clouded the macroeconomic outlook. However, this inflation spike is part of a wider post-pandemic inflation cycle and investors need to be aware high inflation is now structural, not transitory. Supply shocks, not global demand, are fuelling inflation, a backdrop compounded by geopolitics and a lack of fiscal levers available to governments.
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PodcastOuterblue Talks Research - Adapting to Ruptures - Diversification is the Key to this New Era
Long-term investing looks very different in a world defined by ruptures, from geopolitical fragmentation and strategic competition to artificial intelligence, demographic change and shifting currency dynamics. In this episode of Outerblue Talks Research, host Swaha Pattanaik speaks with Monica Defend, Head of the Amundi Investment Institute, and John O’Toole, Global Head and CIO of Solutions, about Amundi’s latest Capital Markets Assumptions (CMA) report and what it means for investors over the years ahead.
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White papersInflation question haunts the market
US PPI, a measure of inflation at the producer level, rose to 6% year on year in April, the highest since December 2022 and well above market expectations. Energy price inflation also rose sharply since March. The data suggest that the war in the Middle East is beginning to feed into the real economy through higher input costs for companies, raising the risk that these costs may be passed on to consumers.
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VideoMike Freno on Bloomberg TV
Chairman and CEO Mike Freno joined Bloomberg’s Romaine Bostick and Katie Greifeld at the Milken Institute Global Conference for a discussion on market volatility, private credit and how Barings is positioned as client needs continue to evolve.
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White papersMacro Brief: How might Kevin Warsh steer the Fed?
Incoming Federal Reserve chair Kevin Warsh is entering a period of inflation uncertainty, an uneven labour market, geopolitical pressures and elevated debt, all of which may limit policy flexibility.
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White papersWarsh appointment: Inflation sets the early agenda
Kevin Warsh’s tenure as Federal Reserve chair begins amid heightened market scrutiny as investors grapple with renewed inflationary pressure. Stronger‑than‑expected April CPI reinforces the case for patience, even as the new chair has expressed comfort looking through one‑off price pressures. However, the Fed’s consensus decision‑making structure and the drift of core inflation away from target both suggest policymakers may hold off on cuts and keep policy unchanged longer than anticipated. For investors, the risk is rising that it will be 2027 before they see any further policy easing from the Fed.
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White papersQ1 2026 Emerging Markets Debt Review and Outlook
Emerging Markets (EM) entered Q2 2026 facing heightened geopolitical and macro uncertainty, driven by rising oil prices, shifting inflation dynamics and increased volatility in local markets. Despite these near-term challenges, resilient fundamentals, disciplined policy frameworks and attractive valuations continue to support EM’s longer-term income and diversification potential.
