All Fixed Income articles – Page 37
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White papers
What 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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Blog
ECB in Pole Position to Over-Tighten in 2023
One narrative of 2022 was that central banks, including the ECB, were “behind the curve,” in their inflation fight. If this was right, financial conditions would need to tighten notably in 2023.
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Podcast
Fixed on ESG, Ep. 10 - Biodiversity 101: Dissecting COP15 with Planet Tracker
A discussion on the importance of biodiversity and the successes and misses of COP15 with special guests from Planet Tracker.
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White papers
Macro Matters - Better than feared. Worse than hoped.
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
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White papers
A framework for navigating uncertainty
Uncertainty over inflation and central bank policy is likely to remain high during the first half of 2023 with a wide distribution of potential outcomes. Despite this, analysis shows that bonds already price in most of the downside risk and are expected to deliver favourable outcomes across a number of scenarios, as highlighted in the chart below.
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White papers
Firmer foundations for China’s property market in 2023
The Chinese property sector has been in the headlines over the past year, and not for the right reasons.
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White papers
Bonds are back: credit markets focus during 2023
This year, we expect the global economic environment to feature sluggish growth and an extended period of sustained high inflation. For the credit market, it will be a tale of two halves:
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White papers
Investment symposium – Macroeconomic themes for 2023
At our annual Investment Symposium, investment teams from across BNP Paris Asset Management debated the macroeconomic themes with the potential to shape markets in 2023, airing diverse perspectives and exploring the implications for portfolios. We share their conclusions on the main topics for the year ahead.
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Podcast
Emerging Markets Debt: An Early Spring?
Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings’ team’s increasingly positive view on the outlook for emerging markets debt.
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White papers
CLOs: A Case for Higher-Quality
CLOs continue to offer compelling opportunities for disciplined investors—especially as robust structures provide protection against some of the lingering macroeconomic headwinds.
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White papers
Convertible bonds: the weather forecast for 2023
Convertible bonds are an all-weather instrument. The optionality embedded in this asset class helped returns and provided a cushion during the challenges of the past two years.
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White papers
Fixed Income: Navigating emerging market debt in 2023
The Franklin Templeton Fixed Income team believe 2022 was an incredibly challenging year for emerging market debt and developing countries may face some significant challenges in 2023, but there are reasons for optimism.
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White papers
EMs with stronger fundamentals should see inflows
Global ownership of EM bonds stands at its lowest point in close to a decade
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White papers
Fixed income outlook - Sticky inflation
The latest data suggests that the US economy is headed towards a period of below-trend growth, if not outright recession. The effect of monetary tightening on aggregate demand is becoming evident, while supply chain pressures appear to be easing
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White papers
2023 has begun with an inflation-relief rally
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we examine the current equity rally and its relationship to the decline in inflation.
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Podcast
Fixed on ESG, Ep. 9 - COP27: Takeaways from Sharm El-Sheikh
John Ploeg and Birgit Jakobsen highlight the major takeaways from COP27.
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Podcast
All The Credit, Ep. 35 - Hitting Home: The State of the Residential Real Estate Market
Kaustub Samant and Mike Collins review the current state of the residential real estate market.
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White papers
Fixed Income Perspectives January 2023
Global growth is expected to weaken as central banks remain restrictive, though many economies have shown more resilience than previously expected Inflation should continue to lose steam in 2023, although it may remain uncomfortably high relative to central bank targets Higher yields and relative value opportunities offer better return ...
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White papers
Making sense of different signals: Why high-yield bonds and equities look bearish in the short-term but bullish over the long-term
The Franklin Templeton Investment Solutions team explains why high-yield bonds and equities look bearish in the short-term but bullish over the long-term. In this article, they provide their rationale behind these opposing views.