All Fixed Income articles – Page 33
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White papersEuro-denominated short duration – only upside from here?
The ECB is at or near the end of its historic monetary tightening cycle. From this point, we believe investors in euro-denominated short duration debt may well stand to benefit – whatever happens next.
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White papersThe Sprint to Year-End
As the September starting gun sounds, here’s what we are looking out for on the track ahead.
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White papersThe ECB Delivers a (Final?) Dovish Hike
The ECB raised its deposit rate to 4.0% today, an all-time high since the launch of the euro. It cited uncomfortably high headline inflation of more than 5% as the key driver of its decision. Higher interest rates signal concern among ECB policymakers that underlying inflation could become embedded. That would make it harder to get back to the Bank’s 2% target.
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White papersWhy ABS could be an attractive option for European insurers
A fundamental shift in the UK defined benefit (DB) pension market, sparked in September 2022 by the government’s ‘mini budget’, opened the doors to potential opportunities across the balance sheet for insurance companies. Here we explore how European insurers may be in a position to take advantage of the compelling risk adjusted returns on offer in the European ABS market.
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White papersGo global for higher income
There is a new reality taking shape in global markets and investors may need to reset their expectations.
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PodcastOuterblue Convictions – Global Investment Views: Divergences persist as we head into autumn
For many, September has a back to school feel about it after a long break and is often the chance for a bit of a refresh. This summer, markets certainly weren’t on holiday, as August saw corrections and volatility, whilst there was also further softening in economic data, particularly in Europe and China.
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White papersConsidering potential opportunities in Significant Risk Transfer
A Significant Risk Transfer (SRT) transaction is a first or second loss protection purchased by a bank on a diversified pool of core lending assets, for example, loans to large corporations, as well as SMEs. Although the origins of the SRT market date back to the 1990s, it has only existed as recognised today since the introduction of Basel II in 2007. Here, we explore why now could be a good moment for patient investors to consider SRT transactions, and why this potentially compelling opportunity could be short-lived given where we are in the economic cycle.
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White papersGlobal Investment Views - September 2023
”The current asymmetric risk/return profile doesn’t call for increasing risks. Instead, investors should stay balanced and search for signals regarding confirmation of the economic direction.”
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White papersNavigating by Flashes of Lightning
Central banks may be reluctant to hike further, but as long as they tie themselves to incoming data their hands may be forced.
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White papersCIO views: ideas for ‘back-to-school’ returns
As Q3 progresses and many children return to classrooms after the holidays, our CIOs present their ‘back-to-school’ investment outlooks. Even as long-term investment trends continue to play out – the environmental transition, higher-for-longer interest rates, a greater cost of capital and demographic change – there is client demand for performance in the shorter term. What tactical exposures can investors implement to improve returns in the next six months?
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White papersEmerging Market Green Bonds - Report 2022
The year 2022 proved a challenging one for international capital markets. For only the fifth time in the last 100 years, U.S. Treasuries and the S&P 500 both ended the year lower than where they started.
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White papersExpect a Few Bumps, but No Accidents, in Auto ABS
In this paper, the Liquidity Solutions team defines benefits of holding asset-backed securities (ABS) in fixed-income portfolios and focuses on the attractive fundamentals of automotive sector ABS in today’s markets.
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White papersEurozone commercial real estate reset creates opportunities for debt investors
The sharp rise in interest rates over the last year has lowered valuations and led buyers to demand higher yields when acquiring commercial property. Banks have increased their scrutiny and caution, reducing loan-to-value funding ratios. While there is still demand from borrowers, especially for refinancing maturing debt, the amount of debt offered by banks per square metre is lower. We believe this environment presents an attractive opportunity for investors.
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White papersPrivate credit & private equity: Decision drivers for today’s markets
The private capital industry has seen a surge in popularity among investors seeking stability in the face of public market volatility, recession fears, and banking sector turmoil. Private capital not only provides the potential for attractive income and returns but also serves as a less correlated portfolio diversifier, generally with lower mark-to-market volatility than the public markets.
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White papersThe future of private credit
Private credit is now widely recognized as an alternative asset class that can deliver stable, uncorrelated returns for institutional investors.
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White papersCLO equity: Where does it fit in investor allocations?
Choosing the right “bucket” for CLO equity is critical for investors seeking to optimize portfolio allocations
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White papersSize matters for Arcmont and Churchill
In this latest Insight with Private Debt Investor, Arcmont and Churchill’s CEOs discuss their expanded expertise, global presence and how the combined $67 billion private capital platform will provide the size and scale for the two private debt managers to deliver new products and capabilities for its combined 600+ investor base across the globe.
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White papersInnovation in impact bonds
The growth and innovation in the impact bond market has unlocked new opportunities for investors to provide capital for projects that have a positive social and/or environmental impact while generating competitive returns.
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White papersNot all yield-curve steepenings are alike
End-of-cycle periods come and go, and they all tend to resemble each other. Inflation that exceeds central-bank targets legitimises increases in short rates, leading to long rates rising in anticipation. This opens the door to the prospect of different kinds of ‘steepenings’. In this weekly instalment of Simply put, we investigate the current outlook for the yield curve.
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White papersUnlock income opportunities across key credit sectors
As rate cycles around the world move toward their peak, we could now be at an inflection point for fixed income.
