All Fixed Income articles – Page 106
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White papersThis Month's topic: CSPP leading the late phase of ECB QE
The ECB has already started “tapering” less corporate purchases than other programmes since April 2017, the month which saw the reduction from €80bn to €60bn of monthly purchases.
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White papersThe FED and tax reform: what's next for fixed income investors?
Fed: The FOMC decided to raise the fed funds target range for the third time this year to 1.25-1.50%.
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White papersInvestment takeaways from ECB year-end meeting
ECB growth expectations: The Eurozone is ending 2017 on surprisingly strong footing, resulting in a significant upward revision for GDP growth in 2018 (from 1.8 to 2.3%).
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White papersInfrastructure debt: ready to ride on the road to rising rates
Our paper explores how investors can navigate the infrastructure sector in an environment of rising interest rates.
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White papersCredit Continuum: How to make it happen
The Credit Continuum solution, while being a Buy & Watch solution, offers a high flexibility in terms of calibration of the key investment parameters and set of market segments.
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White papersCross Asset Investment Strategy: December 2017
We believe 2018 will mark the transition from a full-speed reflationary phase, directional and bullish for risk assets (both credit and equities), towards a late phase of the financial market cycle. This could have far-reaching consequences for investors.
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White papersThe "new normal" turned into the old normal: Our economic outlook for 2018
In this year’s global economic outlook we examine the outlook for the United States and the rest of the world, ask if the coming fiscal stimulus in developed countries could boost this expansion even further, try to shed some light on how central bank attempts to normalize monetary policy might impact the stock market, and investigate the asset class implications of this cyclical upturn and of less-accommodative monetary policy.
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White papersBond Market Prepares for QE in Reverse
After a relatively quiet third quarter, bond markets are ripe for some volatility and bigger waves as major central banks begin to unwind quantitative easing. For global bond investors, that could lead to new opportunities. But for now, with valuations in many sectors stretched, it pays to be selective.
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White papersFact or fiction? Bond investors can add returns
In this paper we test whether factor-investing strategies can be implemented in fixed income markets.
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White papersAvoiding a mirage in the high-income desert
Generating a sustainable yield across asset classes.
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White papersEuropean social bond strategy
A European credit strategy with an innovative social focus that unlocks the full potential of corporate bonds to deliver both financial and social returns.
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White papersStrategic Relative Value: Q4 2017
A quarterly look at how macro events are driving relative value around the globe.
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White papersA case for unconstrained emerging market debt
Emerging market debt represents a key source of income and risk diversification in a low-yield environment. Investment managers with the ability and expertise to navigate the diverse universe of EMD assets can offer their clients opportunities for attractive growth and capital gains.
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White papersSeeking sustainable income in a low rate environment
“Today income investors should explore opportunities across a broader range of asset classes in an effort to avoid the low yield trap”
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White papersWhy economic growth has been a mirage for emerging market investors
The link between emerging market companies’ earnings and GDP growth is tenuous.
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White papersCross Asset Investment Strategy: Fed & ECB - Towards a reduction in monetary accommodation
The improvement of global economic conditions will allow the Fed and the ECB to reduce the degree of monetary accommodation, each with its own scale: continuation of the fed funds rate hike cycle for the Fed and reduction of asset purchases for the ECB.
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White papersWhat higher bond yields may mean for corporate bond valuations
Both US and European credit markets have delivered a fairly positive yearto- date performance; supported by falling political risk, excess returns versus underlying government bonds proved to be particularly strong for EUR corporate bonds in the second quarter.
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White papersUS HY default rates: trends, projections and perspectives
The current low default rate regime of US HY issuers is the longest in recent decades and has also survived the latest commodity-driven mini cycle: the latter is close to its end and short-term expectations point to a further fall of the DR to around 3% in the coming quarters.
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White papersInvestment Talks: ECB on hold, but more details on what's next
The perspective of a turnaround in monetary policy is not going to vanish, and the tapering topic will be back probably sooner than later.
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White papersThe case for active asset management
The debate on whether to use passive or actively-managed funds can sometimes be one-sided. Our research suggests investors should keep an open mind.
