All Fixed Income articles – Page 115
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White papersEuropean elections in an era of economic and political disruption
The stakes are high for elections to the European Parliament in May: they will test populist strength across the bloc at a time when economic momentum is weak. In this edition of Ahead of the Curve, we examine how this dynamic could steer the agenda in the weeks before the vote.
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White papersGlobal Investment Views - May 2019
Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong.
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White papersHigh Yield: Identifying Value Amid Shifting Sentiment
Despite the sharp turns in high yield markets over the past two quarters, companies ticked along without flinching—posting strong earnings over the course. David Mihalick, Barings’ Head of U.S. High Yield Investments, explains why.
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White papersItaly: no short-term confrontation with the EU, but uncertainty in the mid-term.
In the new forecasts for the 2020 budget and beyond from the Italian government (from the latest economic blueprint, of 9 April: “The Stability and Growth Path, SGP”), its economic projections come much closer to consensus than previous ones, pointing to weaker GDP growth.
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EM Debt: Investing with Cautious Optimism
Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds.
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High Yield Bonds & Loans: Where to Next?
High yield markets roared back in the first quarter. Can market fundamentals and technicals support continued strength? And how should investors factor in risks ranging from possible recession, to ratings downgrades, to liquidity concerns? Barings’ David Mihalick weighs in.
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IG Credit: Can the Rally Last?
BBB-rated credits led the first quarter recovery despite early signs of deterioration among fundamentals. With spreads significantly tighter this year, short duration credits may pose an attractive investment option.
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Structured Credit: Receding Headwinds Support CLO Performance
CLOs rebounded in the first quarter as credit concerns receded. Lower interest rates may drive continued interest in the asset class moving forward.
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EM Debt: Investing with Cautious Optimism
Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds.
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White papersVideo: Multi-Strategy Credit - Looking back at the last 6 years
As the strategy hits a key milestone in June, Fraser Lundie, Head of Hermes Credit, looks back on how Multi-Strategy Credit has fared in challenging markets since inception.
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Tempering Enthusiasm for Mexico’s Corporate Bond Market
Omotunde Lawal, Head of EM Corporate Debt, reports back from a recent trip to Mexico, where the Barings team conducted on-the-ground research through meetings with a wide variety of corporate issuers, economists and ratings agencies.
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White papersVideo: Direct Lending - Market outlook
Securing yield through long-term lending partnerships.
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White papersInsurers Need High-Tech Solutions in a Low-Liquidity World
Liquidity has become a precious commodity in fixed-income markets since the global financial crisis. Post-crisis regulations have made broker-dealers reluctant to warehouse large risks on their books, which in turn has made it more difficult for insurers and other institutional investors to trade large blocks of bonds quickly and efficiently.
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White papersStrategic Relative Value Q1 2019
A quarterly look at how macro events are driving relative value around the globe.
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White papersDebt Ceiling Back in Play
The twin threat of a technical debt default and potential government shutdown could resurface later this year, likely affecting equities and Treasuries.
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White papersMarket Perspectives Spring fever
It’s winter still, but the weather has been exceptionally warm; markets too have got spring fever. After a dismal last quarter 2018, global equities have recouped most of their losses. And thanks to a dovish U-turn by the Fed and falling core yields, fixed income assets have done rather well, too, despite the sharp rebound in risk sentiment.
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White papersValuations, BBBs And Policy Change - European Investment Grade Outlook | March 2019
Companies in most developed market economies have enjoyed years of super-low borrowing costs The European IG market has increased in size from a face value of around €800 billion in 2005 to more than €2.1 trillion by the end of January But what might happen to companies were borrowing ...
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White papersRisk-on for Southeast Asian bond markets
Local currency debt markets in Southeast Asia have enjoyed a sharp turnaround in fortunes and their upward momentum is supported by improving economic trends.
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White papersThe Potential Benefits of Global Senior Secured Loans
In the current environment, senior secured loans are gaining traction for their potential to offer a blend of attractive yield and protection against both credit and interest rate risk.
