All Fixed Income articles – Page 23
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VideoGemcast Episode 2: The world of commodity backed private credit
In episode two of Gemcast, Ahmad Al-Sati, Portfolio Manager at Gemcorp Capital introduces commodity backed private credit. Ahmad explains what the asset class is, where it crosses over with trade finance and traditional private credit, as well as what it can offer investors looking for income and diversification.
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White papersForeign Demand for U.S. Treasuries: Facts vs. Fears
The data behind foreign demand for U.S. Treasuries challenges the “Sell America” narrative.
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White papersFixed Income Outlook: Navigating cycles of uncertainty
After a turbulent start to the year marked by shifting central bank signals, renewed geopolitical tensions, and disruptive tariff announcements from the Trump administration, fixed income markets are entering the second half of 2025 with cautious resilience.
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White papersThe Fed’s strategic pause: the calm before the cuts
In its June meeting, the U.S. Federal Reserve maintained current interest rates, pointing to ongoing tariff-related uncertainties. Nevertheless, the Fed indicated that two rate reductions remain probable before year-end.
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White papersWalls of worry: Europe’s stumble toward debt mutualization
The prospect of greater fiscal union in Europe is a highly contentious subject. In light of recent geopolitical events and the current zeitgeist, Jonathan Gregory considers the likelihood and the practicalities of what various forms of debt mutualization would entail and how they might come about.
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White papersStructural shifts in Europe’s credit ecosystem
With Europe standing at a critical juncture, Zachary Swabe and Jakob von Kalckreuth evaluate its evolving corporate funding markets, with particular consideration to the potential implementation of a capital markets union. They also consider current and future opportunities across high yield, syndicated loans and direct lending.
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White papersJune FOMC meeting: Ignore the dot plot in this uncertain environment
The Fed held rates steady at 4.25 – 4.50% in June and Chair Powell emphasized that, amid elevated uncertainty, the dot plot projections shouldn’t be taken as commitments—signaling a cautious, data-dependent pause for now.
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White papersWhat is a CLO?
CLOs provide an efficient, scalable way of investing in floating-rate loans while offering structural protection that has historically performed well through multiple credit cycles.
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White papersBond outlook: Income potential intact as economic risks rise
The bond market is well positioned to provide investors with attractive income potential and relative stability, should equity markets swing lower in the second half of the year. Given slowing US economic growth and cooling inflation, bonds should offer a smoother ride for investors amid high uncertainty over US trade and immigration policies, rising debt levels and worsening conflicts in Ukraine and the Middle East.
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White papersMid-year Investment Outlook 2025
“Despite unpredictable policymaking, business resilience, and the reorganisation of global trade and financial systems, the expected rate cuts from central banks will create opportunities in global equities. We are focusing on themes such as European defence spending, US deregulation, corporate governance reform in Japan, and the ‘Make in India’ initiative.”
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White papersUS inflation less than expected
“US CPI has been slowing. However, uncertainty on US tariffs and rising tensions between Israel and Iran, which could keep oil prices high, may make central banks job more difficult.”
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White papersThe world rethinks (not rejects) US debt
Based on the “Fixed focus: Navigating the new era of income” session at Asian Investment Conference in Hong Kong
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White papersWhy should investors consider the secondary market for private credit opportunities?
Marco Busca, Head of Indirect Private Debt, Generali Asset Management - part of Generali Investments - explains why the secondary market elevates the benefits of private credit for institutional portfolio. He also introduces the recently launched Generali Private Credit Secondaries Fund, which aims to provide opportunities in a burgeoning market that targets both LP-led and GP-led transactions.
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White papersMay CPI report: Still bracing for impact
May’s CPI came in slightly cooler than expected—headline inflation edged up by just 0.1% in May (2.4% year-over-year), while core CPI remained steady at 2.8%—thanks to lower energy and travel costs. Despite this softness, tariff pressures are anticipated to roll through the data in coming months.
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White papersPolicy divergences on display
“Policy decisions by global central banks are getting more nuanced, with the ECB staying on its rate cut path, the Fed in a wait-and-see mode, and the BoJ being the only major outlier.”
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PodcastTalking Heads – Making the case for absolute return bonds
How can fixed income investors tackle the uncertainty over the outlook for growth and inflation? How will concerns about government finances play out ? Where are interest rates heading?
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White papersA 20,000-Foot Perspective: Fiscal Policy Takes the Lead
Recent volatility in traditionally “sleepy” Japanese bonds bears watching as fiscal policy becomes the chief policy lever globally; the country’s role as one of the world’s major creditors means that what happens there could have far-reaching impact.
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White papersQ1 2025 Taxable Municipals Market Review and Outlook
Q1 returns in the taxable municipal market were strong—but not for the reasons you might expect. While falling Treasury yields boosted performance, policy-related risks and technical pressures raised questions about where valuations go from here.
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White papersTime for Europe
We are at an inflection point for Europe, signalling a promising medium-term outlook for the region, despite modest growth projections for 2025. Upcoming reforms, structural changes, and anticipated investments are expected to foster economic activity across Europe. The region stands at a pivotal moment, navigating a new defence paradigm and a fiscal push in Germany aimed at addressing the shortcomings identified in Draghi’s report.
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VideoGemcast Episode 1: Niche, global or both, the future of private credit
In episode one of Gemcast, Felipe Berliner, Co-Founder and Head of Structuring at Gemcorp Capital discusses the future of private credit. Following a decade of growth, private credit is maturing, this is creating a new set of opportunities for investors to look outside developed markets, into the emerging world and into more niche areas like trade finance. Felipe explains exactly what this all means and why we believe emerging markets present a compelling option for private credit investors.
