All Fixed Income articles – Page 45
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White papersEMD outlook for 2023: local currency yields offer protection in volatile conditions
Global factors weighing on emerging market debt (EMD) in 2022 look likely to continue in 2023, with three main driving forces within this: tighter financial conditions led by the US, a stronger US dollar and weak global growth.
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White papersNet Zero Investment Portfolios - Part 1. The Comprehensive Integrated Approach
The emergence of net zero emissions policies is currently one of the most important topics among asset owners and managers. In this research paper, we investigate the integrated approach, which is implemented by equity and fixed-income mutual funds and ETFs.
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White papersInvestment Outlook 2023 – Investing in an age of transformation
In our 2023 Investment Outlook, we seek to guide investors at a pivotal moment for the global economy. Surging inflation and fundamental geopolitical shifts have led to rising demands on governments.
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White papersUK Fiscal Budget: main political, social and market implications
The UK fiscal budget main political implications: The budget is designed to improve public finances, regain market trust, and help the Conservative government regain some ground ahead of the next election.
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White papersDivergences and Pivots
The exuberant response to last Thursday’s inflation data suggests markets are primed for the “pivot”—but could they be extrapolating too far?
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White papersSolving for 2023: Back to the “Old Normal”
Our investment leaders identify 10 key themes that they believe will be prominent in the markets over the next 12 months.
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White papersCredit markets? They’re too cheap to ignore
The market environment this year has proven tricky to navigate, but today’s credit market offers a compelling entry point into global credit for investors focused on long-term, fundamentally driven analysis.
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White papersMarkets bounce on hopes US inflation has peaked
The US inflation rate cooled to 7.7% in October, weaker than many forecasts, to hit its lowest level since January.
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White papersAhead of the Curve, Q4 2022
In our quarterly macroeconomic update, Silvia Dall’Angelo, Senior Economist, provides her outlook for the global economy amid the ongoing war in Ukraine, inflationary pressures and mounting fears of a recession. Is there still ground for optimism? Read our update to find out more.
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White papersUS Inflation Reduction Act: a strong force to accelerate energy transition technologies
In August, the US passed a major milestone in climate policy with the introduction of the Inflation Reduction Act (IRA). As the largest piece of federal legislation ever to address climate change, we believe it will have a profound effect across industries for decades to come.
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White papersWhen bonds fail to hedge: the problem with conservative portfolios
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we examine why the performance of ‘conservative’ portfolios has suffered from using fixed income to lower volatility, rather than cash.
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White papersThe corporate bond is back
We believe that corporate bond yields are close to an inflection point, with the high levels of yields achievable providing a buffer to further yield rises. In short – the corporate bond is back.
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White papersFixed Income Perspectives - October 2022
Quarterly macro and market insights from Capital Group’s fixed income team
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PodcastThe Investment Podcast: The case for adding to risk in credit markets
Credit markets have been front and centre stage as the events of 2022 unfolded.
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White papersThe pursuit of consistent income streams
Generating income is a key role of fixed income. For investors, the durability of income streams becomes more important amid heightened volatility in both equity and bond markets.
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White papersHow Long Will 75bps Stay in Vogue?
After an initial dovish reading of the FOMC statement, Jay Powell’s tone was firmly hawkish and led to a reversal in risk sentiment and a higher market-implied terminal rate. While the BoE also hiked 75bps, the bank signaled a lower endpoint. All eyes are on inflation data next week.
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White papersImpact investing: the insurance experience
TIAA’s chief investment officer and Nuveen’s head of responsible investing discuss how the General Account has built its targeted impact investing program while incorporating direct, measurable environmental and social goals across the portfolio.
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White papersHow Life Insurers Account for Realized Losses May Cause Unnecessary Pain
An accounting method long used by life insurers has come under pressure amid rising rates and wider credit spreads, potentially setting the life insurance industry up for large unrealized losses. But there may be a solution.
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White papersMarket Scenarios and Risks - November 2022
We maintain the probabilities of our scenarios unchanged. Some of the risk factors we identify may occur in our central scenario, which is probably not yet fully priced-in by markets.
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White papersFor the Fed, the impossible QT
The Fed has started shrinking its balance sheet as part of its fight against elevated inflation. However, QT is being challenged by the Fed’s new role as a counterparty of money-market funds. The process would be greatly improved if the Treasury were to announce a debt buyback financed ...
