All Fixed Income articles – Page 27
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White papersA Case For: Sustainable Climate Bond Strategy
Our climate-aware investment process aims to enable investors to immediately improve their portfolio’s carbon profile and reduce climate risk, while maintaining target returns.
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White papersAsset Class Return Forecasts - Q3 2023
Optimism was definitely behind the respectable performance registered by risky assets in the last quarter. However, the economic backdrop does not look overly positive. On the price levels side, US headline inflation is receding, although the core measure - more important for monetary policy decisions - is proving to be stickier. The latest European and UK inflation numbers signal that price growth is cooling.
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PodcastFixed on ESG, EP.15
Is deep-sea mining a viable solution for metals scarcity and key to the green transition? It’s not that simple.
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White papersDefining sustainable investments in European leveraged finance and CLOs: Part 2
There is a diversity of ESG ratings and scores across the leveraged finance markets, as well as multiple providers. To the consternation of some investors, this is not a regulated activity, and one firm’s methodology can vary from another’s as much as the objectives that it may have set.
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White papersEmerging market resilience paves the way for new opportunities
Resilience and a growth advantage over developed markets make emerging countries an attractive destination for the second half of the year. The effects of monetary tightening are seeping through to the real economy, contributing to lacklustre growth, particularly in developed economies.
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White papersWhere is Mexico Headed a Year Out from a Critical Election?
As the single six-year term of leftist Mexican President Andres Manuel Lopez Obrador winds down, preparations for the June 2024 general election are heating up. What does this mean for EM debt investors?
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White papersFed moving to a pause with a very data-dependent approach
The Federal Open Market Committee (FOMC) raised the federal fund rate by 25bp but dropped future guidance. Chair Powell claimed that the Fed is far away from hitting its inflation target, but acknowledged that the tighter credit conditions for households and businesses could affect economic growth.
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PodcastThe Implications Behind Indexation
Index funds give investors broad exposure to the market at an accessible price point and have taken equity markets by storm in recent years. As index companies make decisions about how to construct their indices, we wonder if those decisions are more active than market participants realize.
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White papersHow long will convexity disappoint?
These are uncertain times – be it regarding growth, inflation, or the extent of rate hikes. And yet, the level of one of the most common measures for volatility – the famous VIX index – has not budged much since 20 March and the end of the fast-paced banking crisis. This raises two principal questions about volatility and convexity, which we explore in this weekly edition of Simply put.
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White papersFixed income: choosing a different rhythm
Increased risk appetite and revived hopes for a soft landing present an interesting question to fixed-income investors: how keenly should they dance to the market’s tune?
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PodcastAll the Credit, EP.42
Exploring trends in growth, pricing, market share, and more across major players in the big brewing industry.
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White papersKirstie Spence: three exciting things about EMD
Kirstie Spence, fixed income portfolio manager, shares her outlook for emerging market debt and outlines the three things currently exciting her about the asset class.
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White papersThe Fed Senses the Light at the End of the Tunnel
PGIM Fixed Income’s views on the July FOMC meeting, which could mark the end of the Federal Reserve’s rate-hiking cycle and may give way to a fine-tuning phase.
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White papers11 … or will it be 12? (Or more?)
The Federal Open Market Committee just decided to increase the federal funds target rate by 0.25%, resulting in a new target of 5.25% to 5.50%.
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White papersSustainability-Linked Bonds: An Appealing Concept that Disappoints
Like Green, Social and Sustainability Bonds, Sustainability-Linked Bonds can serve as tools to boost their issuers’ sustainability credentials.
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PodcastOuterblue Convictions – Global Investment Views: Receding inflation doesn’t mean the battle is won
After months of rising rates, there could be good news for central banks as we start to see signs that inflation is finally cooling down.
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White papersGlobal Investment Views - August 2023
”We remain sceptical on inflated valuations because the uptrend in risk assets is due to the laggards catching up rather than any meaningful improvement to earnings outlooks.”
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White papersMaking the case for structured credit
Despite a challenging outlook for broader credit fundamentals, structured credit may be well placed to weather the storm, argues Senior Portfolio Manager Andrew Lennox.
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White papersEmerging markets debt: Stable macro backdrop fuels emerging markets
Emerging markets debt: Stable macro backdrop fuels emerging markets
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White papersGlobal Corporates: Investment-grade corporates offer attractive yields and abundant liquidity
The second quarter of 2023 saw some calm return to financial markets following the eventful start to the year caused by the problems in the banking sector. A key theme for markets during the quarter was the resolution of US debt-ceiling negotiations, although other risks remain, including the potential impact of interest rates being higher for longer, concerns over the health of the commercial real estate sector and fears of a global recession.
