All Fixed Income articles – Page 5
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White papers
IG Credit: Finding Value in Less Conventional Places
While spreads have tightened, investment grade credit continues to offer compelling total return potential as well as many idiosyncratic opportunities.
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White papers
High Yield: Can the Strength Continue?
Despite risks surrounding the direction of the global economy, high yield bonds and loans continue to offer attractive total return potential for long-term investors willing to look beyond the likelihood of near-term volatility.
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White papers
The (Still) Compelling Case for Broadly Syndicated Loans
Even as the rate-hiking cycle looks close to its end, loans look well-positioned for strong performance in the year ahead, due largely to the high contractual income on offer.
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White papers
Bond Investment for Tough Times
Martin Horne recently spoke with IPE about his outlook for credit, what we can expect in the new era for fixed income and what sets Barings apart.
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White papers
Can the banks deliver for investors in 2024?
Today, with the exception of the US regional banks, fundamentals across the banking sector are the strongest they have been in decades.
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White papers
Fixed Income Quarterly – Corporate bonds: a brighter outlook as clouds lift
We expect global corporate bonds to be supported in 2024 by a soft landing in the major developed economies and easier monetary policy. Overall, we believe company fundamentals are robust, particularly in the investment-grade market, with high cash levels, low leverage, and encouraging earnings expectations.
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White papers
Crossover bonds: tilting to income and quality
This insight concludes a three-part series about investing in crossover corporate bonds rated BBB to BB1. Here, we look at the tactical macro rationale for investing in crossover. The second insight made the strategic case for this segment of ratings by delving into strong fundamentals, favourable valuations and regulatory drivers. The first insight introduced crossover and explored how the segment could replace investment grade (IG) in an allocation.
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Podcast
Insurance in an Inflationary Age
With rising premiums and inflationary pressures, the insurance industry faces significant challenges.
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Video
What’s behind the boom in direct lending?
In our latest video insight, Laura Vaughan, Head of Direct Lending, looks at the surge in demand for private credit in recent years and outlines where she believes the best opportunities lie for investors.
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White papers
Crossover bonds: a replacement for investment grade
This insight is the first of a three-part series about corporate credit rated BBB to BB, which is also known as crossover.
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Podcast
A New Era for Private Credit
The recent buzz around private credit has captured the attention of investors worldwide. It has also demonstrated remarkable resilience amid economic uncertainties.
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White papers
Fixed Income Quarterly – Eurozone: Looking ahead to ECB action
Consumer and business confidence appear to be taking a turn for the better in the eurozone as inflation falls and expectations for interest rate cuts rise. These could help the economy avoid a significant recession.
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White papers
Treasury yields mixed on strong economic data
U.S. Treasury yields were mixed last week and spread sectors outperformed as fourth quarter U.S. GDP exceeded expectations. The market continues to price in a 50% chance of a U.S. Federal Reserve rate cut by March, and around five total cuts for this year.
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White papers
Bullish on bonds
”This cycle of rate hikes may be over, but we don’t anticipate seeing cuts until closer to midyear.”
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White papers
Red Sea disruptions: small impact so far, but a risk to watch
”The impact of Red Sea traffic suspensions is more regional than global, but duration will be the key factor to watch. At this stage, it is no game-changer for our outlook.”
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White papers
Is the “Vibe-cession” for US Consumers on Its Way Out?
Falling inflation hasn’t yet translated into good feelings among US consumers. Based on the latest data, that might be changing.
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White papers
Infrastructure debt – Financing a sustainable future
Private capital can be vital in meeting net zero emissions goals. This includes infrastructure debt which can be an attractive way for investors to achieve their long-term return and income objectives and at the same time help finance the assets needed urgently to support the transition to a low-carbon economy.
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White papers
Are central banks already taking a victory lap?
Franklin Templeton Fixed Income believes growth projections for the United States will continue to improve as a “soft landing” becomes the most likely outcome, while other economies may face harsher conditions. Fixed Income Views presents the team’s first-quarter 2024 outlook.
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White papers
It’s Time to Say Goodbye to ‘T-Bill and Chill’
Investors who wait too long to get off the sidelines may find they’ve missed out.
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White papers
History lessons for Europe’s central bankers
Consensus is suggesting Europe has solved its inflation problems and substantial rate cuts are imminent – but is this realistic given how far economists and markets underestimated the recent price surge and policy tightening?