All Fixed Income articles – Page 61
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White papersSpectrum, Q1 2022: The Great Rotation 2.0
Slower growth rates, tighter labour markets, higher inflation and normalising monetary policies provides the classic backdrop to a great rotation from growth to value stocks, as well as a change in fixed income strategy.
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White papersUK supermarkets: a sector in the eye of the storm
As the world slowly moves on from the pandemic, Eugenia Lara Armas, Credit Analyst, looks at how shifts in shopping habits will impact credit investors, with a focus on the UK supermarket sector.
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White papersThe Fog of War Clouds Economic Outlooks
The war in Ukraine continues to dominate market moves, leading to volatility in risk assets, and the safe haven bid is still in focus amid a stronger U.S. dollar and higher precious metal prices. Commodities are soaring, with BBG Commodity Index on track for the biggest gain since 1960.
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White papersPositioning Liquid Credit Portfolios For Rising Rates & Inflation
Martin Horne, Head of Global Public Fixed Income, discusses how to mitigate the risk of rising rates and inflation, touching on the potential benefits of floating rate assets and short-duration strategies.
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White papersCross Asset Investment Strategy - March 2022
The geopolitical escalation at month’s end marks a further rise in volatility, even as the Fed and the ECB displayed hawkish overtures earlier. We suggest a more cautious stance in credit amid rising liquidity risks and a less appealing risk/return profile for credit compared with equity.
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White papersMacroeconomic Picture - March 2022
The Russia/Ukraine crisis is pushing the regime shift one step further with more severe economic implications for some regions, in this case Europe because of its energy dependence and geographic proximity.
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White papersThe evolution of the European mortgage market
Residential mortgage markets in the UK and Europe are undergoing a period of transformation as new funding models emerge and new players enter the mix, following in the footsteps of the Dutch mortgage market. Long-term institutional capital, in search of attractive returns and diversification potential, is playing an increasingly important role, with the entry of innovative, non-bank lending platforms helping to disrupt the status quo and create a more diversified lending landscape.
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White papersVolatility, value and variants: 360°, Q1 2022
In this latest edition of 360°, Stephane Michel, Head of Fixed Income, Multi Asset Credit Solutions, and our team of specialist investors consider the likely shape of markets in a post-pandemic world.
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VideoCredit Pulse: market update – 25 February 2022
In this Credit Pulse, we use analysis from our February Credit Strategy Meeting (CSM) and discuss the challenges we see arising in the markets and how the expectations formed a few months ago are challenged in the present environment.
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White papersGauging the impact of the Russia/Ukraine conflict on EM debt
The events that are unfolding in Ukraine are deeply upsetting and one cannot help but be affected by what we are reading and seeing in the news. Investing in the midst of a conflict can be difficult and bring out heightened emotions. In the context of these heightened emotions, it is helpful to stand back and assess the situation.
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White papersAdjusting to the New Paradigm
Many investors could be lacking sufficient inflation exposure after experiencing such a long period of stable prices. Moreover, such a major economic inflection, combined with such fragile markets, is likely to be characterized by the kind of heightened market volatility we have already seen this year.
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White papersThe Inflation Inflection
The COVID-19 pandemic, and the range of policies aimed at mitigating its impact, has triggered a return to levels of inflation unseen for 40 years. While inflation is likely to moderate from these very high levels during 2022, we believe it will settle and persist at a rate higher than we have become used to over recent cycles.
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White papersUkraine invasion: market reaction
The crisis will create short-term uncertainty and add to inflationary pressures, say fund managers from the international business of Federated Hermes.
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White papersWhy banks get butterflies when fintechs have wings
Fiorino begins a short series of articles examining how mainstream banks and insurers are faring as a flurry of start-up enterprises disturb the competitive atmosphere…
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PodcastCombatting Higher Rates & Inflation in Liquid Credit Portfolios
How can fixed income investors navigate a backdrop of rising rates and high inflation?
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White papersFive questions on asset-backed securities
David Favier, senior portfolio manager of European ABS strategies, reflects on the impact of the pandemic and the outlook for 2022.
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White papersRussia-Ukraine escalation adds to the case for additional protection
The investment landscape has become riskier. The escalation in geopolitical tensions between Russia and Ukraine, with Russian military forces entering the Donbas region, adds to the uncertainty regarding central bank actions to fight inflationary pressures.
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White papersThe myriad of challenges – and opportunities – facing fixed income in 2022
The question of whether inflation is likely to prove temporary or more persistent is just one of the challenges facing fixed income investors this year. Buying on the dips may no longer be sufficient as the focus of central banks switches to containing inflation rather than simply rallying to support financial markets.
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White papersDBS case study
EOS communicated to DBS investor concerns about sustainable palm oil production and pressed for an improved palm oil financing policy for existing borrowers. We were pleased to see DBS improved its palm oil financing policy for all customers, requiring a “No Deforestation, no Peat, no Exploitation” commitment, or principles and criteria of the RSPO for all its existing and new borrowers.
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White papersInvesting in fixed income during a hiking cycle
It’s a common preconception that rising interest rates are bad for bonds. While rate hikes are undoubtedly a headwind for fixed income assets, investors tend to overestimate the impact of rising rates and can overlook the benefits of holding bonds as part of a resilient and balanced portfolio.
