All Fixed Income articles – Page 30
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White papersPM Spotlight: The Upside of Volatility
Maulik Bhansali, Portfolio Manager, co-manages Allspring’s Core Fixed Income team. Read about how he and the team focus on security selection to drive alpha—especially as volatility rises.
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White papersCentral banks’ unwinding will put more public debt in market hands
The recent surge in global bond yields is partly ascribed to market worries about a greater supply of debt coming from governments. Some of this increase in yields should reverse when inflation nears central banks’ targets and monetary policy is less restrictive.
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White papersAsset Class Returns Forecasts - Q4 2023
Recent geopolitical events and macroeconomic progresses are rising uncertainty on the global outlook and led to some adjustments on the short-term trajectory within our simulation horizon.
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White papersIs ‘doing good’ too good to be true?
Businesses that align with ongoing structural changes in the economy will emerge as winners, with investors standing to not only do good, but also do well, believes Michalis Ditsas, Investment Director – Fixed Income.
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White papersGrabbing the Bull by the Tail: Assessing Tail Risks Amid Complexity
As a case study into our assessment of tail risks, we discuss how the market-implied probability distribution for a recession has evolved over the past year.
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PodcastAll the Credit, Ep. 45 - Value Through Headwinds: What’s Next for European Banks?
What’s next for the European banking sector and insights into its relative attractiveness during a time of economic fragility for the EU.
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White papersDon’t Wait for Goldilocks
Yield curves have steepened and the opportunity cost of waiting for a “Goldilocks moment” to add duration has risen. Learn why diversifying across duration exposures, or “riding the curve” offers a compelling solution.
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White papersCorporate lending: Contrasting US and European private credit
Private credit – historically viewed as a niche asset class – has seen exponential growth over the last decade. Here, we explore key differences between the US and European private credit markets.
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White papersWhatever happened to the recession - and does it matter for bonds?
Despite interest rates being hiked to their highest level since the mid-2000s and a mini crisis in the US banking sector, the US and other developed market economies remain in relatively robust health. A recession has, so far, been avoided.
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White papersHow to think about bonds in this new world
After the global financial crisis (GFC) in 2008, investors reduced their allocation to bonds, and broadly remained underweight the asset class for more than a decade. In 2022, the long period of accommodative central bank policy came to an end as inflation accelerated.
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White papersShorter versus longer-dated bonds: Is there a role for both in investor portfolios?
Money market and short-dated (one-to-five-year) bond yields are the highest they have been since the end of the 2008/2009 global financial crisis.
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White papersGlobal inflation: Have deflationary forces subsided?
Global inflation continues to gradually cool, helped by lower energy prices and the impact of tighter monetary conditions. However, getting inflation back to 2% on a sustained basis could prove more difficult and depend on whether longer-term deflationary forces are able to re-assert themselves.
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White papersA view on Italy and its government debt
On 20 October, S&P Global Ratings announced that it was keeping its rating of Italian debt unchanged with a stable outlook. The rating agency’s decision kicks-off a wave of autumn credit assessments and will be followed by DBRS Morningstar on 27 October, Fitch Ratings on 10 November and finally Moody’s on 17 November
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White papers360° Fixed Income Report, Q4 2023: Debt, deficit, dispelling doubts
In our latest fixed income report, 360°, the credit team provide an overview of the key themes shaping the fixed income narrative and their outlook for the remainder of 2023 and beyond.
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White papersDoing good and doing well: Our approach to sustainable fixed income
What are the core principles of sustainable investing, why does it make sense in this environment, and what kind of companies do we look to invest in? Mitch Reznick, Head of Sustainable Fixed Income, shares the team’s view.
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White papersNo Regrets: The ECB Keeps Policy on Hold
Inflation in the euro area is falling and the economy is rapidly weakening. Against that background, the ECB kept rates on hold at its policy meeting on October 26.
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PodcastFixed on ESG, Ep. 18 - Plastic Packaging Predicament: The Best-Worst Option
A conversation on the implications of plastic packaging and what investors should consider when it comes to the plastic packaging sector.
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White papersAre Higher Fixed Income Allocations Warranted Today?
In this note, we compare the equity/fixed income efficient frontier of today with that of 2021. We find that higher bond allocations may help investors pursue long-term return objectives with lower risk.
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White papersFixed income: a bull steepener as rates peak?
In past market cycles, yield-curve inversions like the one seen this year have almost always been followed by an episode of bull steepening, when short-term interest rates fall faster than those in the long term. In this issue of Alphorum, we consider the most likely yield-curve scenario from here and how it informs our positioning.
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VideoSearching for stability within private credit
Worries over interest rate, inflation and economic growth have been rattling financial markets yet demand for private credit has continued to grow. Randy Schwimmer explains why the trends that are expected to emerge should accelerate this demand either further.
