All Fixed Income articles – Page 15
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White papersWill EMD outperformance continue in 2026?
Emerging market debt (EMD) is heading into 2026 bolstered by a supportive backdrop, underpinned by structural reforms and credible monetary policy at leading EM central banks.
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White papersGlobal Investment Views - January 2026
Central banks easing into a thus-far resilient economy
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White papersQ4 2025 Emerging Markets Debt Review and Outlook
Emerging markets debt (EMD) delivered strong performance during the fourth quarter (Q4) of 2025, supported by a favorable global macroeconomic backdrop, easing U.S. monetary conditions and renewed investor demand for higher-yielding fixed income assets. Declining global interest rates, U.S. dollar weakness and supportive commodity dynamics were specifically beneficial for EM assets, supporting robust total returns across both hard and local currency spaces.
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White papersNetflix and the Credit Implications of an M&A Surge
How could the new wave of high-profile dealmaking affect the investment grade landscape?
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White papersKey Investment Themes 2026: Our roadmap for the new investment landscape
2025 has seen the global economy hold firm, despite headwinds from the US ‘Liberation Day’ tariffs and concerns over fiscal dominance and the ability of the Federal Reserve to maintain its independence. Most central banks normalised monetary policy while the AI investment boom helped to support growth.
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White papersFed cuts, keeps a balanced tone
The Federal Reserve (Fed) reduced its target federal funds rate by 25bp at its December policy meeting. Chair Powell acknowledged that risks to both sides of the Fed’s dual mandate — inflation and labour markets — remain. However, we believe some signals from the Fed suggest labour markets are weaker than current data indicates.
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White papers2026 Fixed income outlook: Structural shifts create strategic opportunities
The global fixed income landscape is becoming more differentiated and policy-driven. Fiscal policy is reshaping yield curves, while the narrowing gap between developed and emerging markets demands a fresh approach to credit assessment. Despite tight valuations in traditional credit, the macro environment remains constructive with improving growth, moderating inflation and healthy corporate balance sheets. Discover where we’re finding the most attractive risk-adjusted opportunities across securitized credit, municipals, leveraged finance and beyond.
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White papersFive themes for EM debt in 2026: a year of greater divergence
Looking into 2026, we see five themes driving our outlook for emerging market debt.
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White papersU.S. Rates: How Low Can They Go?
A more dovish rate cut than anticipated by the U.S. Federal Reserve has created an interesting setup for fixed income markets next year. The focus on its independence adds another dimension.
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White papersEuropean bonds in 2026 and beyond: strong supply, strong demand
European government bond indices are likely to expand in 2026 due to high fiscal deficits in the largest European economies and a continued trend towards more euro-denominated public issuance. Demand from the ECB will shrink further due to quantitative tightening. However, repatriation from European investors and more purchases by insurers and pension funds could be enough to meet the increased suppl
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White papersCross Asset Investment Strategy - December 2025
Topic of the month - Germany: from crisis comes opportunity
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White papersPrediction Markets Are Upending U.S. Gambling: What It Could Mean for Non-Investment Grade Credit
A 2024 court ruling allowed prediction markets to operate as federally regulated event contract exchanges. With nationwide reach, these products are pressuring state regulated sports books, lotteries and casinos—raising new considerations for non-investment grade issuers and investors.
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PodcastSolving for 2026: Policy Crosscurrents, AI, and Where to Position Now
Amid policy crosscurrents and accelerating AI adoption, investors face a backdrop where productivity tailwinds and easing biases in some regions contrast with tougher conditions elsewhere. So how should investors lean into duration, balance AI enablers versus adopters, and pursue compelling private markets opportunities?
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White papersCommercial real estate debt market update
Commercial real estate (CRE) has long been established as a cornerstone asset within a wide range of investors’ portfolios. From individuals owning a US$250K rental home to institutions owning a US$250M high-rise apartment complex, CRE can offer diversification, consistent cash flows, a hedge on inflation, and a historically low correlation to other risk assets.
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PodcastQuality is Queen: Why Investment Grade Bonds are Anything but Boring
Souheir Asba explains why investment grade credit remains a crucial source of stable income in a turbulent world
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White papersThe Fed delivers a rate cut with a caveat
The Federal Reserve cut rates by 25 basis points but signaled a more cautious path ahead, projecting just one cut in 2025. The policy statement leaned hawkish with upgraded growth forecasts, while Chair Powell maintained a neutral tone. What does this mean for your portfolio? Discover where we see the biggest potential in today’s rate environment.
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White papersReasons to Revisit EM Corporate Debt: A Short Duration Approach
A short-duration allocation to emerging market (EM) corporate debt offers the potential for attractive carry, incremental yield and portfolio diversification—while reducing interest rate sensitivity and preserving flexibility to reposition as monetary conditions evolve.
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White papersGlobal Fixed Income: Themes to Watch in 2026
Tight spreads meet elevated all‑in yields as policy uncertainty, AI capex, and uneven growth set the stage. We see selective opportunities across High Yield, CLOs, IG Credit, and EM Debt—with 2026 shaping up as a year for rigorous credit picking.
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White papersAbove and below the radar: Five themes for 2026
The outlook for growth, inflation and rates remains unsettled, but compelling opportunities exist. From U.S. large caps and private credit continuing their momentum, to potential turnarounds in municipals, real estate and private equity. Discover five investment themes to watch in 2026, including less-discovered areas like alternative credit markets and second-derivative AI plays.
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InsightEU Green Bond Standard: insights from early adopters
The introduction of the EU Green Bond Standard in December 2024 marks a pivotal step in Europe’s sustainable finance landscape, aiming to create a common language for what counts as ‘green’ and to combat greenwashing. But how is this new standard faring in practice? What have early issuers and investors learned? And what should professional investors consider as the market takes shape?
