All Fixed Income articles – Page 61
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Video
Fixed Income Update: 21 January 2022
In line with the recent announcements with regards to Andrew Jackson, Head of Fixed Income and Multi-Asset, leaving the firm, Eoin Murray, Head of Investment, is joined by the senior members of the Fixed Income team to introduce the succession plan.
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White papers
Winners of the Italian Recovery Plan (With or Without Draghi)
Which sectors stand to benefit the most from Italy’s Recovery and Resilience Plan, and what impact, if any, will the country’s next president have on efforts to implement the plan?
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Podcast
All the Credit - Episode 23
Despite the wildly unique ride that was 2021, which saw a boom in economic growth in most countries, a global inflation surge, and COVID’s constant and pervasive presence, the path of the global economy and financial markets may have been more predictable a year ago than they are today.
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White papers
Spectrum 2022 Outlook
We expect a slower pace of growth in 2022 due to monetary tightening and reduced fiscal policy support.
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White papers
Shifts & Narratives #13 - Money and psychology of inflation: an investor view
Inflation was the big surprise in 2021. At the beginning of the year, the average US inflation forecast by economists for the end of 2021 was around 2%, while the latest reading in December came in at 7.0% YoY, the highest level since 1982.
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White papers
Money and its velocity matter: the great comeback of the quantity equation of money in an era of regime shift
The velocity of money (V) depends on P = the general price level, T = the total amount of goods and services produced and M = the total amount of money in circulation, and can be expressed by the formula V = PT/M.
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White papers
Potentially volatile European markets present opportunities
Franklin Templeton Fixed Income’s David Zahn sees opportunity despite elevated levels of volatility in European bonds in 2022.
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White papers
The Yin and Yang of 2022
Brandywine Global: As the US and China prepare to move in opposite directions, investors should position for potential policy divergence.
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White papers
Four insurance portfolio allocation themes for 2022 and beyond
In today’s investment landscape, how can insurers effectively construct investment portfolios to achieve their targets and balance a range of unique requirements? This paper looks at four allocation themes we believe are most relevant to insurance portfolios.
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White papers
Inflation, central banks and rising rates – Q&A with Andrew Cormack
It feels as though US policy makers have spent the entire post-global financial crisis period trying to generate inflation. Now that it’s here, it seems like the wrong kind of inflation. How do you see inflation playing out in the US?
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White papers
Pensions Investment Outlook: Challenges and Opportunities
There are several uncertainties in the economic and market outlook that are important for pension funds.
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White papers
No immediate storm ahead, but insurers should use the lull to build portfolio resilience
Lingering COVID-19-related supply-side disruptions, alongside a significant rebound in consumer demand, are producing supply bottlenecks and an inflation rate not seen for decades.
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White papers
Pensions Investment Outlook: Challenges and Opportunities
There are several uncertainties in the economic and market outlook that are important for pension funds. The most significant of these revolves around interest rates and whether the global economy is strong enough to cope with further potential COVID-19 related disruptions.
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White papers
No immediate storm ahead, but insurers should use the lull to build portfolio resilience
Lingering COVID-19-related supply-side disruptions, alongside a significant rebound in consumer demand, are producing supply bottlenecks and an inflation rate not seen for decades.
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White papers
Fixed Income Investment Outlook 1Q 2022
With inflation top-of-mind for investors, we believe the Federal Reserve’s reaction function will likely be a key driver of real yields, the dollar and risk markets this year.
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White papers
From Rates & Inflation to ESG: What’s Next for IG Credit?
Despite heightened risks, IG corporate bonds remain supported by an improving economy and robust corporate fundamentals.
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White papers
High Yield on Solid Footing Despite Omicron, Inflation & Hawkish Fed
The emergence of a new COVID-19 variant and the prospect of higher interest rates have not eroded high yield’s solid fundamental backdrop.
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White papers
EM Debt: Navigating the Noise
Possible U.S. rate hikes, Omicron, and China are causes for concern, but select opportunities exist across sovereign, corporate and local debt.
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White papers
Kazakhstan: low impact for asset prices, but a wakeup call for geopolitical risk
On 2 January, protests began in western Kazakhstan triggered by a sharp rise in fuel costs, but reflecting broader political discontent. The almost immediate response from the Collective Security Treaty Organization (CSTO, a Russian version of NATO) shows the close relationship between the Russian and Kazakhstan governments.
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White papers
Resilient multi-asset portfolios in an inflationary regime
Inflation dynamics drive monetary policy and financial market trends and play a key role in portfolio construction. Therefore, the ex-ante identification of a possible shift in the inflationary regime is needed to fine tune multi-asset portfolios.