All Fixed Income articles – Page 13
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White papersFixed Income Investing: Living in the now
If the future keeps bond investors awake at night, the present is complicated too.
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VideoSpreads, value and our credit outlook
In a new video, our three heads of fixed income discuss credit spreads, dispersion, and the widening gap in quality and duration between high yield and investment grade – and what this all means for credit markets moving forward.
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White papersThe case for infrastructure debt: Stable income in a changing world
Infrastructure underpins the 21st century global economy. From power networks and digital connectivity to renewable energy and social assets, infrastructure provides critical services with long-term demand drivers. These assets are often supported by regulated frameworks or long-term contracts that deliver returns through economic cycles.
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White papersEmerging Market Debt Outlook: Enduring Strength
Emerging market debt had a strong 2025, supported by solid fundamentals and policy credibility. Though risks persist, we see continued opportunity as EM inflation falls, policy rates ease, and currencies remain undervalued. In a world of uncertainty, EM continues to offer value and diversification benefits. Find out why we’re optimistic about the months ahead.
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White papersNavigating uncertainty: The case for active in fixed income
Benjamin Franklin said “the only thing certain in life is death and taxes”. We might add ‘market uncertainty’ to that. From the pandemic to the trade war, investors are constantly having to adapt. When volatility and uncertainty are the watchwords of the day, active management in fixed income investing could be more important than ever.
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White papers2026 Fixed Income Default Study: Proprietary analysis conducted by our dedicated team of career credit analysts
We’ve just published our 2026 Fixed Income Default Study covering global high yield, Asia and emerging markets.
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White papersSpillovers of the “K-shape” consumer to securitized debt markets
Explores how uneven consumer spending is affecting performance across securitized credit segments.
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White papers2026 Investment Grade Private Credit: Annual Review and Outlook
Investment grade private credit enters 2026 with steady supply and healthy investor demand, creating a constructive yet selective outlook. Elevated rates and shifting sector dynamics underscore the need for disciplined underwriting and a focus on risk-adjusted opportunities.
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White papers2026 Emerging Market Debt Outlook: Strengths Endure
For all the shifts in macroeconomic risk factors that swayed market sentiment last year, most credit markets delivered on expectations for carry-driven returns in 2025. Emerging market (EM) debt was an exception, recording strong excess returns in addition to carry driven by supportive market technicals along with fundamentals that have withstood macroeconomic risks.
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PodcastHow the AI Debt Supercycle Is Reshaping Credit Markets
AI-related bond issuance is surging, reshaping the opportunity set for fixed-income investors. In addition to robust U.S. growth, constrained inflation, and an attractive opportunities beyond the U.S., investors must also navigate greater tail risks, more complex financing structures, and rising political uncertainty around AI and energy use.
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White papersAbsolute return bonds for an uncertain world
In a world where economic uncertainty and unpredictable inflation mean visibility on central bank policies is poor, investors are searching for strategies that can deliver consistent returns while protecting capital. Enter the global absolute return bond strategy – a flexible, dynamic investment approach that’s suited to the current environment.
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White papersGeopolitical swings in the spotlight in Davos
The global equilibrium is evolving, particularly amid significant geopolitical shifts that are causing increased volatility in financial markets. President Trump’s threat to impose additional tariffs on eight NATO members — unless the United States were allowed to purchase Greenland from Denmark (a threat that was withdrawn a few days later) — initially caused a short market sell‑off, followed by a relief rally last week. Meanwhile, the European Parliament voted to suspend ratification of the EU‑US trade deal, which would otherwise have come into force on 7 February. This does not mean the deal is dead, but that Europe is adopting a ‘wait‑and‑see’ approach.
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White papersU.S. Fixed Income: Policy-Driven Opportunities Emerge
Amid the administration’s flurry of affordability-targeted policy initiatives, bond investment opportunities are emerging.
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White papersFactors to watch in 2026: AI, geopolitics and credit stress
There are several factors in play which investors need to monitor closely this year. Geopolitics will likely dominate the discourse as will expectations over the potential of artificial intelligence and the continued stability of credit markets. Despite the uncertain backdrop, we believe the global economy and central bank policy will remain supportive for markets.
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White papersFixed income: Resilient markets, selective opportunities
Fixed income markets stay robust, with attractive opportunities emerging through active, selective positioning.
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VideoGiven the uncertainty over inflation, protection matters
The economic outlook for 2026 appears to be in equilibrium. Inflation is close to the targets set by the main central banks, monetary policy normalising gradually, and economic growth supportive. But appearances can deceive. There is potential for higher inflation, particularly in the services sector.
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White papersAfter a banner year for bonds, strategic opportunities emerge
After a strong year for bonds, fixed income markets are entering 2026 amid structural shifts: from fiscal policy’s growing influence to evolving distinctions between developed and emerging markets. While credit spreads remain tight, opportunities may exist through selective positioning across diverse credit sectors. Our latest analysis explores how extending beyond traditional corporate bonds and focusing on quality within below investment-grade sectors could support income objectives and portfolio diversification in this evolving landscape. Find out more.
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White papersFixed Income Investment Outlook: 1Q 2026
After a generally stellar year for fixed income, 2026 looks more demanding, with fewer rate tailwinds and tight spreads putting a premium on security selection and global diversification, particularly as tail risk rises.
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White papersFrom politics to portfolios: the market impact of rising populism
Populism has become part of the global landscape, rooted in frustrations over inequality, stagnant mobility, and a sense that mainstream policymakers have failed to adapt to shifting economic realities.
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White papersDynamic global fixed income: Investing across the cycle
Despite a year of numerous challenges, the global economy has been resilient and valuations across major asset classes remain elevated. Against this backdrop, some economic signals are now indicating potential softness, which could challenge these stretched valuations.
