All Fixed Income articles – Page 14
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VideoInvestmentNews: Demand for Private Credit, BDCs Not Slowing Anytime Soon
Matthew Freund, President of Barings BDC, recently sat down with InvestmentNews’ Gregg Greenberg to discuss his outlook for private credit, where Barings is seeing opportunities to deploy capital, and how rates impact the BDC landscape.
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White papersCentral banks divergences on display
The Fed left interest rates unchanged in its latest policy meeting in July but acknowledged that price pressures are subsiding. This could encourage the Fed to reduce interest rates later this year. Across the Atlantic, the Bank of England (BoE) implemented its first rate cut since early 2020 on abating inflation in the UK. In contrast, the Bank of Japan (BoJ) raised policy rates for the second time this year to control upward pressures on inflation.
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White papers2H 2024 Alternative credit insights: Investing for resiliency
Shifting signals on interest rates create opportunities
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White papersThe case for investment grade private credit
Long a core allocation of life insurers portfolios, broader segments of institutional investors are recognizing the benefits of investment grade private credit. Originally concentrated in private corporates and infrastructure debt, investment grade private credit now includes more specialized areas such as credit tenant loans (CTLs) and esoteric private asset-backed securities (ABS).
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BlogFinely Balanced Decision Tips BoE to Cut
The Bank of England cut rates by 25 bps at its August policy meeting, but a series of aggressive rate reductions are likely off the table.
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White papersLDI: Elections and market reform competing for attention
Whilst most central banks erred on the side of caution, reticent to commence the monetary easing cycle in response to falling inflation and slowing growth, the ECB was the first to take the plunge. With the downside risks to growth in Europe much higher now given the political and fiscal uncertainty in France, as well as a slowdown in German manufacturing growth, the ECB’s deliberate vagueness on the path of easing has allowed it to retain optionality on future cuts.
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White papersA Soft Landing Is Still a Landing
What do slowing growth, lower inflation, tight credit spreads and a steepening yield curve mean for our fixed income views for the rest of the year? If the big story of the moment in equities is the epic rotation out of mega-cap stocks and into smaller companies, the equivalent in fixed income is the ongoing, sharp unwind of a record-breaking U.S. yield curve inversion.
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BlogThe BoJ’s Leap of Faith on the Road to Normalisation
A hawkish Bank of Japan lifted its policy rate and announced quantitative tightening at its July 2024 meeting.
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White papersHigh Yield: A Continued Bright Spot
Compelling income opportunities supported by favorable fundamental and technical conditions continue to attract investors to high yield bonds and loans.
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WebinarWebinar Replay - Road To Recession? Riding Out Tightening Credit Markets
The global economy has been resilient against a variety of headwinds, underpinning a recovery in risk assets. Despite optimism over a soft landing, the threat of recession remains in play. Elevated levels of inflation, higher interest rates and stricter lending standards are keeping up the pressure on consumers and businesses. Facing this uncertainty, investors need a playbook for riding out tightening credit markets.
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PodcastEM Debt: The Improving Risk/Reward Dynamics
Dr. Ricardo Adrogué joins the podcast to discuss why risks including those related to inflation, interest rates and EM elections are increasingly behind us, setting the stage for a possible resurgence in investor appetite for EM Debt.
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White papersCLOs: The Positive Streak Continues
While CLOs remain well-positioned for the months ahead, we continue to see benefits to staying up in both quality and liquidity.
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White papersCollective Defined Contribution (CDC) Schemes: Assessing Capacity for Alternative Investments
There is growing interest in collective defined contribution schemes as pension systems adapt to changing economics and demographics.
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White papersThe case for bonds (as rates inch towards normalisation)
With the Fed expected to begin its easing cycle later this year, bond markets appear poised to generate income to a degree not seen since before the 2008-09 financial crisis.
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WebinarWebinar Replay - Credit Risks Amid Deteriorating Lending Standards?
Non-bank lenders and institutional investors have adopted a much larger role in financing the economy since the global financial crisis. The emergence of a higher-for-longer regime has brought new momentum behind private credit’s growth as an asset class, with investors searching for diverse opportunities to capture yield. But a credit-risk approach that looks at private credit separately from public is no longer suitable due to the growing overlap between the two segments.
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White papersThe Next Chapter in EMD: Static vs. Dynamic Allocations
This installment of our Emerging Market Debt series takes a sequential approach to providing our perspective on achieving optimal EMD exposure.
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PodcastRecent Global Elections—from the Ballot Box to Fiscal Policy
This episode dives into the latest election outcomes in both developed and emerging nations and the impact of these elections on fiscal deficits.
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White papersBiden’s exit from the presidential race opens a phase of uncertainty
Biden exit from the race: Current US President Joe Biden announced on Sunday that he will not seek re-election and endorsed Vice President Kamala Harris as the Democratic nominee. Senior members of the Democratic party have expressed their support for Kamala Harris. Donations for the campaign have begun to rise after Biden’s decision.
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White papersFixed Income Perspectives Q3 2024
Quarterly macro and market insights from Capital Group’s fixed income team
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White papersEvaluating risk and reward in an ever-changing world
Private markets have grown exponentially since the Global Financial Crisis, and the growth story is far from over. We explore the risks and rewards of this often complex world and why expertise is crucial in achieving tangible results.
