All Fixed Income articles – Page 16
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White papersClimate Change High Yield Credit, Annual Report 2023
This year’s annual report offers a deep dive into a newly augmented data tool that quantifies the progress companies have made towards decarbonisation.
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White papersCorporate fundamentals: Opportunities and challenges within credit dispersion
Reporting season will be crucial in our assessment of corporate credit fundamentals.
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White papersUS Inflation surprise on the Fed radar
The January inflation data in the US is not totally reassuring for the Fed. While goods prices continue to slow down, core services inflation is picking up, notably in Shelters, Medical care, and Education & Communication.
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White papers360°, Q1 2024: Dispersion, disparity, duration
Will the stars align for active fixed income managers in 2024? In the first fixed income report of the new year, our credit team reflect on the year gone by and what may lie in store in the year ahead.
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White papersFallen angels radar: positive 2024 supply dynamics
In this new quarterly publication, we monitor developments in the fallen-angels universe to find investment opportunities. Which corporate bond issues have lost their investment-grade (IG) rating to join the segment? How are corporate credit ratings progressing? What trends do we see emerging in credit quality?
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White papersAdded Value in ABS
Corporate credit offers tight spreads and a broad consensus—might the complex crosscurrents of securitized products be more interesting?
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White papersKeeping an Eye on Liquidity as Risks Converge
The Fed’s close monitoring and well-signaled tapering of QT should prevent disruptions to the short-term funding markets—despite converging risks.
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White papersFixed Income Quarterly – Emerging market bonds: a return of flows
Emerging market (EM) sovereign and corporate bonds saw a broad-based rally in the final months of 2023 as investors became more certain the US Federal Reserve (Fed) would be able to pivot to easier monetary policy in 2024.
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White papersThe fight against inflation enters extra time
Despite closing in on their inflation targets, US and European central bankers appear hesitant to cut rates. Jonathan Gregory explores the differing drivers behind this, as well as the overall implications for bond markets.
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White papersWhat is keeping rates volatility high?
Volatility in fixed income markets remains elevated while it has normalised almost everywhere else. In this weekly edition of Simply put, we ask why has bond volatility remained stubbornly high?
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White papersA Rangebound Study in Long U.S. Corporates
At this point in the market cycle, we see the long corporate sector as a fitting example of the rangebound conditions that ebb and flow.
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White papersPrivate Credit Is Gaining Steam—Where Do We Go From Here?
A vast menu of private credit arrangements now finance nearly every aspect of the real economy.
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White papersCLOs: Quality is Key
While there are potential opportunities across the CLO capital structure, we continue to favor higher-quality tranches.
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White papersEmerging Markets Debt: Cautiously Optimistic
Buoyed by a drop in 10-year Treasury yields, moderating inflation, and an economy that continues to chug along, emerging markets debt has entered 2024 on an upbeat note.
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White papersIG Credit: Finding Value in Less Conventional Places
While spreads have tightened, investment grade credit continues to offer compelling total return potential as well as many idiosyncratic opportunities.
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White papersHigh Yield: Can the Strength Continue?
Despite risks surrounding the direction of the global economy, high yield bonds and loans continue to offer attractive total return potential for long-term investors willing to look beyond the likelihood of near-term volatility.
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White papersThe (Still) Compelling Case for Broadly Syndicated Loans
Even as the rate-hiking cycle looks close to its end, loans look well-positioned for strong performance in the year ahead, due largely to the high contractual income on offer.
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White papersBond Investment for Tough Times
Martin Horne recently spoke with IPE about his outlook for credit, what we can expect in the new era for fixed income and what sets Barings apart.
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White papersCan the banks deliver for investors in 2024?
Today, with the exception of the US regional banks, fundamentals across the banking sector are the strongest they have been in decades.
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White papersFixed Income Quarterly – Corporate bonds: a brighter outlook as clouds lift
We expect global corporate bonds to be supported in 2024 by a soft landing in the major developed economies and easier monetary policy. Overall, we believe company fundamentals are robust, particularly in the investment-grade market, with high cash levels, low leverage, and encouraging earnings expectations.
