All Fixed Income articles
-
White papersMarkets weigh rising yields and AI exuberance
Market volatility has increased in recent weeks, particularly in bond markets. The MOVE index, a measure of expected volatility in US Treasuries, has been rising significantly, decoupling from the VIX equity volatility indicator in an unusual move. This is significantly different from the March volatility spike that affected both markets at the start of the Iran war.
-
White papersGlobal Investment Views - October 2026
In September, global bond markets came under pressure amid inflation concerns and hawkish shifts by central banks, while equity markets remained relatively calm, supported by strong economic data and earnings, alongside renewed optimism around AI.
-
White papersThe New Era of Income Investing
How to design income portfolios beyond traditional stocks and bonds.
-
White papersFixed-Income Outlook: Four Ways to Capitalize on Dispersion
Fixed-income investors are being paid more to take risk than they have been in years, but not all opportunities are created equal. Higher yield levels, heightened volatility and growing differences across countries, sectors, industries and issuers are expanding the opportunity set. Dispersion is the raw material from which active returns are generated. Below are four ways investors can capitalize on it.
-
White papersCore-Satellite Fixed Income: Evolving from concept to practice
The Core-Satellite approach offers investors a flexible framework for tailoring their fixed income exposure, taking full advantage of the expanding breadth of fixed income building blocks.
-
PodcastEurope’s path to strategic autonomy opens new opportunities for bond investors
Europe is entering a pivotal era of strategic autonomy, seeking to build resilience across critical sectors such as defence, energy, communications, and technology in response to a more fragmented geopolitical landscape.
-
White papersThe Future of Fixed Income: From Income to Engineered Outcomes
Fixed income has changed dramatically over the past few decades. Advances in technology and access to new and more complex credit exposures have unlocked new ways to use the asset class.
-
VideoConnecting the Dots: A Holistic Approach for Insurers
For insurance investors, a holistic approach to asset allocation is more important than ever.
-
White papersOil shock; six months on, the EM debt bid remains strong
In April, we argued that emerging markets (EM) fixed income was better positioned to withstand the oil shock than it had been in 2022 and that we believed the asset class was poised for a strong rebound if de-escalation occurred within a relatively short time frame. De-escalation took longer than ...
-
White papersGlobal yields surge
“We are in a regime of higher yields for longer across the globe. Bond volatility is likely to stay higher than in the past decade, but yields are becoming increasingly attractive.”
-
White papersSystematic fixed income: Bringing diversification benefits to credit portfolios
Systematic credit is still a small part of fixed income, but its portfolio role is growing. For credit allocators, it can offer a disciplined and differentiated source of diversification.
-
White papersFrom fragmentation to opportunity: EMD in a multipolar world
The world is undergoing a series of profound global shifts, a dynamic we have termed to as the Great Global Restructuring.
-
PodcastReal Rates, Repriced Credit and the Case for a Short Fed Cycle
The Fed has turned hawkish, and the market is now pricing several more hikes. Our fixed income team isn’t convinced. Core U.S. inflation is still drifting lower, most of this year’s yield move has come from real rates rather than inflation expectations, and the disinflation case remains intact — all of which argues for a shorter path than consensus expects.
-
White papersWhy market structure rewards active management in local currency EMD
Local currency emerging market debt (EMD) has matured into one of the most diverse opportunity sets in global fixed income. Issuance has grown, liquidity has deepened, yield curves have developed, and the ownership base has broadened across domestic and international investors. For many emerging economies, a functioning local bond market and credible monetary policy are now signals of economic development rather than aspirations.
-
White papersSeizing the euro fixed income opportunity with flexibility and diversification
Europe’s fixed income landscape has undergone significant changes in recent years and become a segment difficult to ignore within the global bond universe.
-
PodcastGoing the distance - Market perspectives into autumn - Investment views by Outerblue Convictions
After an eventful summer for the markets and policymakers, particularly in the bond markets, our podcast series regulars reunite to recap the major movements in the markets over the past few weeks. Listen further to discover what these market events mean for investors and our own investment views.
-
White papersThe ECB raises policy rates
“The ECB opens a period of central bank meetings. The balance is shifting further towards the risk that inflation proves more persistent than expected, given the recent rise in energy prices amid geopolitical tensions.”
-
White papersBond yields on the rise again
“Bond markets are under pressure now, but as yields rise, opportunities for investors to benefit from higher income are opening.”
-
White papersWhat higher interest rates could mean for stocks and bonds
Bonds have been anything but boring this summer. With US Treasury yields climbing amid rising national debt, elevated inflation and massive AI-related investments, some investors are asking whether recent volatility signals a looming crisis or a broader shift to a world of higher interest rates.
-
PodcastEuro short-duration bonds: Potential for stability and steady income
Euro short-duration credit strategies maturing in under three years have the potential to limit sensitivity to interest-rate rises, help control drawdowns during volatile periods and provide stability and steady income. The deep and liquid short-duration Euro fixed income market accounts for about one-third of the Euro investment-grade universe, or approximately €1 trillion in nominal value.
