All Fixed Income articles – Page 14
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White papers
Assessing bond value in the new era
Brandywine Global: Fiscal stimulus has propped up real yields, but the effects may fade just as the lagged effects of monetary policy kick in. The result? Slower nominal growth and a better backdrop for bonds.
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White papers
Beijing faces limited options to tackle economic woes
Many investors hoped that China’s re-opening following the end of zero-Covid would fuel a global rebound. But the country’s economy was in poor health before the pandemic.
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White papers
Working the Margins
While this is no time to be making major calls on asset allocation, in our view, there are abundant opportunities for generating incremental returns.
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White papers
Crisis in concrete: Navigating the ripple effects of commercial real estate on municipal bonds
Declining commercial real estate valuations will not likely lead to a wave of defaults among muni issuers, according to Franklin Templeton Fixed Income’s municipal bond team.
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White papers
ESG in emerging market debt: A look at human capital
The Franklin Templeton Fixed Income team suggests lower income countries with greater human capital have been shown to ultimately grow faster than comparable countries. In this paper, they consider the ways in which government policymakers can best utilise this.
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Podcast
The Investment Podcast: An Introduction to Significant Risk Transfer
The Significant Risk Transfer (SRT) market currently offers a compelling alternative to traditional asset classes given high levels of inflation, according to James King, Head of Structured Credit at M&G Investments. SRT transactions involve a high element of risk but coupons that have the potential to range up to the high teens provide significant compensation, whilst the floating-rate nature of the asset class has typically delivered increased levels of income as interest rates adjust higher.
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White papers
From Low Ranger to High Plains Drifter
With the vast majority of rate hikes behind us, market volatility is set to fall. A tailwind from the reemergence of the “search for yield” is likely to follow.
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White papers
Deep waves: The corporate and household debt wave
For over a decade, capital abundance has supported economic growth and provided investment opportunities across the globe. As we depart from the zero-rate world into the realm of structurally tighter financial conditions, we focus on household and corporate debt, assessing the “quality” of investments and the implications of high inflation and high interest rates on investment risk and returns.
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White papers
Household loans – Offering predictable performance, even in tough times
As growth in developed economies slows and higher central bank rates start to bite, investors looking for portfolio diversification and attractive returns could consider a relatively little-known, but high-quality asset class: Household loans. Tonko Gast explains.
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White papers
Sustainable fixed income: Five questions answered
To unlock sustainable fixed income with real-world outcomes you need the right combination of expertise, ESG integration and stewardship. Here, our investment teams answer key questions around what it takes to achieve true sustainability in fixed income.
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White papers
Global High Yield Roundtable
Chris Sawyer, Head of European High Yield at Barings, participated in CAMRADATA’s Global High Yield Roundtable and discussed that state of the high yield market today, and how the team are navigating elevated levels of volatility.
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Podcast
Infrastructure Debt: The Growing Attraction
Orhan Sarayli, Head of North America on Barings’ Global Infrastructure Debt team joins the podcast to discuss the evolving opportunity set in infrastructure debt, including who is buying the asset class today, and what trends may underpin its growth in the years to come.
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White papers
No Recession yet, but Risks Are Rising. Are You Prepared?
In this paper, Jamie Newton, CFA, and Head of Global Fixed Income Research, discusses why we have not yet seen a recession, why one is likely coming, and how investors can best prepare for it in the months ahead.
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Podcast
Recession Risks Are Rising—Are You Prepared?
In this podcast, Jamie Newton, head of Global Fixed Income Research and deputy head of Sustainability at Allspring, and Rick Hartley, senior vice president and client advisor on the Insurance Solutions team, discuss reasons the U.S. economy has remained resilient to date, the signs pointing to a possible recession on the horizon, and strategies investors can use to prepare for it.
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White papers
Could inflation surprises unsettle markets?
There is an old investment adage that says: “buy the rumor and sell the news”. Markets tend to try to anticipate forthcoming data such as inflation numbers, with investors building positions ahead of time based on their expectations. Once the outcome is confirmed, investors take profits (or cut losses) by exiting positions.
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White papers
Navigating Generative AI? Consider a Framework
AI development is racing ahead. A thoughtful framework to making decisions and leveraging tools can help investors stay on course.
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White papers
What if Everything’s Going to Be OK?
Falling inflation, recovering growth, relaxed central bankers—how one of the most widely forecast recessions in history failed to happen.
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White papers
Emerging Markets Sovereigns 2023: Capturing Alpha Through Differentiation
Investing in Emerging Market (EM) sovereign bonds has been mainstream for nearly 25 years, with the benchmark of choice among investors being the JP Morgan Emerging Market Bond Index (EMBI). Over that same period, the entire EM investable universe has grown in breadth and depth to become one of the most intricate in the entire fixed income space.
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Podcast
Outerblue Talks Research – Parallels with the 70s. The long and winding road continues
Whilst fashion trends regularly make come-backs, revivals in economic trends are a lot less frequent. The double-digit inflation rates seen over the past two years have left many wondering whether other hallmarks of the 1970s are also due for a return and what can be learnt from previous missteps as we transition to a new economic model.
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White papers
Credit Squeeze: from Distress and Dislocations to Steep Discounts
As credit conditions tighten, opportunities are emerging for smart investors. With banks cutting back on lending, pricing dislocations are appearing in financial markets. This looks like a repeat of previous economic cycles, when investors with patient capital have benefited from uncertainty.