All Fixed Income articles – Page 40
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BlogBeyond the Muni Bond Bounce
Early 2023 has brought a more favorable backdrop for municipal bonds, prompting investors to consider whether the market rally is sustainable or just a bear market bounce.
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White papersExtinguishing the flame: Has inflation peaked?
Despite further hikes, markets are factoring in a less hawkish approach from central banks.
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White papersHow liquid is the green bond market?
The green bond sector has grown to be a $1trn-plus investable market that has seen a sharp uptick in diversification on the credit side and an increasing number of sovereign issuers.
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White papersECB-inspired rally risks going too far
The European Central Bank raised its key policy interest rates by half a percentage point, lifting the deposit rate to 2.5%, and said it intended to deliver a similar rate rise in March because of underlying inflation pressures. It also gave details of how it will reduce its balance sheet. For corporate bonds, it plans to tilt reinvestments more strongly towards issuers with a better climate performance.
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White papersAn outlook for the sustainable bond market
After a muted year for sustainable bonds in 2022, there are indications that the outlook for 2023 is more upbeat. Malika Takhtayeva and Xuan Sheng Ou Yong discuss what the future might look like for corporate and sovereign use-of-proceeds bonds.
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BlogFed Reignites the Search for Yield
Bolstered by broadening expectations for moderation in growth and inflation data, the Fed’s February meeting reignited the market’s search for yield and fueled the rally in risk assets.
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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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BlogECB 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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PodcastFixed 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 papersMacro 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 papersA 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 papersFirmer 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 papersBonds 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 papersInvestment 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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PodcastEmerging 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 papersCLOs: 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 papersConvertible 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 papersEMs 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 papersFixed 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
