All Fixed Income articles – Page 111
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White papersPrivate Debt: The opportunity for income and diversification with illiquid assets
Private debt is a potential solution for institutional investors confronting low yields, heightened market volatility and rising interest rates. Investors are turning to alternative credit in search of high current income, low correlations with public markets and lower default risk than yield spreads would imply.
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White papersGlobal Investment Views: April 2018
While still benefitting from a global synchronised growth outlook (likely peaking), financial markets are getting nervous, experiencing the fatigue of a more mature phase with new sources of volatility arising.
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White papersTariffs on, rates up... risk off
Core government bonds were the beneficiaries in a week of ‘risk-off’ trading.
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White papersChairman Powell’s Fed: A slightly hawkish tilt
The March FOMC meeting was the first under the new Fed Chairman Powell and the first meeting including projections by the new members of the Fed. What are your views on the outcome of this meeting?
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White papersIn Credit: A journey beginning with a single step?
The long journey to policy normalisation in Europe began last week with a barely perceptible step.
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White papersECB: Still dovish, but fixed income investors should be ready for a new phase
What are your views on ECB policy going forward?
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White papersIn Credit: Sentiment and reality
Core government bond markets continued to improve for a second week with yields lower, especially in Europe and the UK. Italian government bond spreads, however, were wider on election uncertainty.
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White papersThe Inflation Tide Is Ready to Turn
Inflation has been stubbornly low, leading many to question traditional gauges like the Phillips Curve.
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White papersEmerging-Market Debt: Our Outlook for 2018—and Beyond
Emerging-market debt has the potential to boost income and returns in 2018.
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White papersWhat the recent market move means for European credit
Not a cycle reversal. We qualify the recent price actions as corrections, not as a cycle reversal. This position is mainly supported by past performance: profit taking is appealing when volatility increases.
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White papersThe improvement of peripheral bonds’ fundamentals has accelerated
Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn).
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White papersIncorporating Environmental, Social and Governance Factors into Sovereign Bond Analysis
John Beck, SVP Director of Global Fixed Income, discusses how ESG factors are incorporated into sovereign bond analysis and why such factors are increasingly important for portfolios he and his team manage at Franklin Templeton.
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White papersUS credit: don’t worry about the macro, focus on technicals
What should we expect for US credit in 2018, in a context where spreads and volatility are closing in on cycle lows?
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White papersPrivate debt: digging below the surface
With a wide range of yields on offer, investors should take a considered approach to assessing the relative merits of different types of private debt to achieve the best outcomes, writes John Dewey
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White papersFixed income playbook 2018: less risk, more diversification
On the heels of two good years in the bond market, the best days for fixed income are likely behind us. 2016 produced strong returns in most sectors, especially high yield corporate bonds, which generated double digit gains.
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White papersCommodities hitch a ride on global growth
Highly favourable tailwinds give us confidence that commodity prices will push significantly higher in 2018.
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White papersBreaking down borders in corporate bond markets
There are several features of overseas investing in corporate bond markets that are often misunderstood.
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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.
