All Fixed Income articles – Page 5
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White papersSeptember ECB meeting: The end of the easing cycle… maybe?
The ECB kept rates unchanged in September, hinting the easing cycle may be ending as inflation slows and growth stabilizes, though risks from U.S. trade tensions and fiscal pressures linger.
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White papersUK long-dated yields at 25-year highs
Yields on long-term government bonds in developed markets have been rising this year. In the UK, 30-year gilt yields reached their highest level since 1998, driven by inflation worries and concerns over government debt — though the UK’s debt-to-GDP ratio remains below that of some large European countries. Structural changes, such as fewer pension scheme buyers, add further complexity.
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White papersUS electric utilities: Stability amid uncertainty
Amid the ongoing uncertainty of tariffs and geopolitics, one area of the corporate bond market that stands out as providing a stable and reliable source of income is the US electric utility sector.
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White papersWhat happens if US debt becomes unsustainable?
Is the US national debt growing out of control? Predicting when or if a tipping point may be reached is difficult (or impossible), but the country faces growing fiscal challenges as its soaring interest burden is heightening concerns about long-term debt sustainability.
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White papersThe future of France’s budget
French Prime Minister François Bayrou announced that he would request a vote of confidence on September 8, before the budget discussion that is set to begin on October 1, and following the presentation of the budget orientations in mid-July.
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White papersWhy opportunities to diversify within fixed income matter more than ever
The geopolitical landscape continues to evolve, and uncertainties in the economic backdrop are also rising. In this environment of global fragmentation and market volatility, diversification has once again come to the forefront for building a portfolio. But a diversified portfolio doesn’t just mean a mix of equities and bonds. Fixed income itself is a broad and deep universe offering myriad opportunities to diversify within the asset class, for example by credit quality, geography, or maturity.
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White papersWhy now? The case for European high yield
As investors reassess their fixed income allocations, we believe the European high yield (HY) market is emerging as a compelling opportunity. European HY has matured into a robust and diversified asset class, offering attractive risk-adjusted returns and strategic diversification benefits.
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White papersUS stocks touch new all-time highs
The S&P 500, the primary US equities index, touched record highs recently, led by the technology sector and the optimism around the artificial intelligence (AI) boom. A better-than-expected corporate earnings season and hopes of interest rate cuts by the Fed also supported sentiment.
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White papersPrivate Debt at a Turning Point: Risks and Opportunities as the Industry Scales up
Private Debt typically offers higher yields than public credit, partly due to the illiquidity premium investors receive for committing capital to less liquid loans, as well as a complexity premium for the expertise required to access, source and structure these loans.
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White papers360° Fixed Income Report: How not to be a deer caught in the ‘headlines’
Read our latest 360° fixed income report to learn more about our credit team’s outlook for macro, fundamental and technical forces.
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White papersFed moving towards rate cuts
“The US Fed is carefully treading the policy path forward, given the mixed macro data. As signalled at the recently concluded Jackson Hole symposium, the central bank is likely to start cutting rates in September, in line with our expectations.”
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VideoPremier Miton Fixed Income update August 2024
Lloyd Harris, Head of Fixed Income, explores the macro forces shaping global bond markets. Highlighting sticky inflation in the US, labour driven inflation pressures in the UK, and Europe’s rising fiscal stimulus from military and infrastructure spending.
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White papersChina Bonds: Diversification potential beyond the Dollar
Strategic Allocation in a Shifting Global Paradigm: UBS (Lux) Bond SICAV – China Fixed Income (RMB)
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White papersHigh Yield: When Boring Is Better
Elevated yields and conservative balance sheets are helping high yield stay resilient amid trade uncertainty.
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White papersSAR’s in their eyes: the turning tide in UK water utilities
With news emerging that the government may appoint an administrator for Thames Water, something Premier Miton’s Fixed Income team forewarned, attention turns to the broader UK water sector. Once plagued by underinvestment and excessive debt, the tide appears to be turning. Improved allowed returns from Ofwat, fresh equity injections into key players, and the anticipated Cunliffe review signal a more investible future.
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White papersWhy US Dollar-Based Bond Investors Should Look to Europe
As investors re-evaluate their allocations to US assets, we think they should consider euro-denominated bonds.
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White papersA 20,000-Foot Perspective: Can Bonds and Equities Both be Right?
The combination of stagflation concerns from macro data and robust corporate earnings in the last week have helped bolster the case for a striking gap between fixed income and equity premia persisting, highlighting the complex and finely balanced growth outlook.
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PodcastTalking Heads – Setting a course for investing in the rest of 2025
With the second half of the year now well underway, what are the prospects for the major economies and financial markets as tariffs remain very much in the headlines? Is an overweight position in equities versus bonds still appropriate, including a preference for US equities, and particularly technology stocks?
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PodcastHigh Yield: Tariffs, Tensions & Tactical Shifts
Head of Global High Yield, Scott Roth joins the Streaming Income podcast to discuss how tariffs and quickly shifting macro-economic and political dynamics are impacting corporate fundamentals and the backdrop for high yield bonds and broadly syndicated loans today.
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VideoMid-year investment update – Which way will the wind blow?
After a first half fraught with many challenges, what will steady investor nerves, if anything? Will the resilience of the US economy persist as deregulation, lower energy prices, mergers and acquisitions, fiscal stimulus and business investment outweigh the effects of import tariffs on inflation and consumption?
