All Fixed Income articles – Page 65
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White papersSustainability in Emerging Markets Debt
Ignoring sustainability in emerging markets debt is, for want of a better term, no longer sustainable.
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White papersPublic/Private Investing: Fixed Income at a Crossroads
As the line between public and private debt markets appears to blur, the ability to draw on the full suite of fixed income asset classes can help investors navigate a wide range of market environments—through complementary sources of risk and return prospects, enhanced diversification and improved return potential.
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White papersThe Risks Ahead That No One Fully Understands
The economy may return to more “normal” patterns next year, but it will also bring hazards we have never seen before.
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White papersThe Next Generation of Business Development Companies
Jon Bock, CFO of Barings BDC, describes the transformational development of BDCs as an asset class, explains the trends driving M&A in the space and sheds light on why the asset class continues to garner increased attention from investors.
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White papersThe Brave New World
Supply chain disruptions persist, making the global reopening much less smooth. Contagious variants still weigh on activity, and vaccination levels in major emerging markets have progressed marginally. An energy price shock has added to the unpleasant mix.
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White papersCredit events in China (I) – The macroeconomic impact
In this first of a two-part report, Chi Lo, Senior Market Strategist APAC, examines the macroeconomic impact of China’s latest credit events. In part II, he assesses whether these same events could trigger a property market crash.
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White papersFor the Global Economy, It’s Next Stop…Policy Normalization
November is likely to mark the start of a transition phase for the global economy. For almost two years, major central banks have thrown extraordinary waves of support into shoring up economic activity and financial markets against the COVID-19-induced crisis. Now, officials in many countries seem ready to begin the march back toward a more normal policy setting.
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White papersInflation and supply chain disruption: Impact on the sectors
Inflation and supply chain disruptions, along with the moderating pace of the post-pandemic earnings recovery, have made us more cautious on corporate fundamentals as we enter Q3 reporting season. While we do not expect a material deterioration in credit profile on the back of these factors, the more challenging operating environment does require caution from credit investors.
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VideoUS Economic Outlook: Inflation, Growth and the Fed
Most measures of inflation are at multiyear highs. Headline inflation has gone up 5.4% over the last 12 months, and that’s a rate of increase that we haven’t seen in more than a decade.
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Research ReportDirect lending: how senior is your debt?
Within private credit, direct lending offers a wide range of options for investors seeking the right balance of risk and reward for their particular needs
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White papersWhen “Transitory” Becomes a “Swear Word”
The debate rages on around how best to describe current inflationary pressures, but some synonym for “not lasting” still fits best.
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White papersIG Credit: Higher Rates on the Horizon
With rate hikes potentially on the horizon, and spreads fairly tight, there may be benefits to a multi credit strategy that looks beyond traditional IG corporate credit—to areas such as EM corporate debt and CLOs.
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White papersCLOs: Supply/Demand Dynamics Driving Opportunities
As heavy supply creates bottlenecks for investors and dealers, refinancing and reset transactions continue to look attractive, particularly BB tranches.
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White papersHigh Yield: Still Strong, Despite Market Jitters
Bouts of short-term volatility are almost a given going forward—but in our view, much of the recent market concern overlooks how strong the average high yield company is today.
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White papersFrom Rates, to Growth, to China: What’s Next for EM Debt?
While volatility resurfaced in the third quarter, there are a number of positive factors that continue to support EM sovereign, corporate and local debt.
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White papersSDG Engagement High Yield Credit commentary: Millicom
Millicom is a telecommunications service provider that delivers mobile, fixed-line broadband and pay-for TV services to businesses and households in nine Latin American countries.
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White papersInvestment Insights - Closing the funding and income gap
In this current low-yield environment, how can UK defined pension schemes position their portfolios to improve funding levels and cashflows as they continue de-risking?
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White papersHigher rates provide a second chance to play US value opportunities
Nowadays, US value trades at its steepest discount to growth since 1999. However, declining Covid-19 cases, a broad-based economic recovery, prospects of higher interest rates as we progress out of the pandemic, and the return of persistent inflation pressures should help close the valuation gap between growth and value stocks.
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White papersEurope: 6 reasons for higher inflation and faster growth
Against the spectre of soaring energy prices, labour shortages and supply chain constraints, a question that has arisen in the US has landed firmly on European shores: will inflation continue to rise and how persistent will it be?
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White papersCaution Today, Opportunity Tomorrow
We think a more cautious stance represents a prudent approach to an already volatile inflection point between early-cycle recovery and mid-cycle expansion.
