All Fixed Income articles – Page 72
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White papersA post-Covid structural change in developed markets: the strong political will to invest in the US
What matters to fixed income investors is the macro-financial environment that will prevail after the strong rebound in growth and inflation expected in H2.
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White papersNGEU soon to be rolled out: the EU has (almost) done its part; now comes the member-states’ turn
In leading the way to NGEU, the Covid crisis may have marked a crucial milestone in European construction. The amounts involved are high enough to play a decisive role, both in accelerating the cyclical recovery (especially in “peripheral” countries) and in providing a supply-side improvement. Member-states, however, will face a major challenge in absorbing them rapidly and productively.
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White papersLooking below the surface of fixed income markets: 360°, Q2 2021
What is our current view of fixed income markets? And where do we see the best relative value?
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White papersChina in the global inflation scare
Markets are worrying about rising inflation, but to date, there has been no evidence yet of ‘demand-pull’ inflation amplifying cost-push pressures, especially in Asia. There is also no sign of a global wage-price spiral. Nevertheless, we believe there are reasons to be concerned.
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White papersEmerging Market Debt: Strong, Mature and Core
Investors who have long considered emerging market (EM) debt to be ancillary to their core portfolio may want to give the asset class another look.
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White papersGlobal Investment Views - June 2021
Inflation has remained dormant for a long time, with years of below-target and weak inflation, but we are now reaching a delicate juncture where inflation is taking the driver’s seat in financial markets.
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White papersInflation, Expectations & Listening to Your Parrot
“Catch a parrot,” goes the old adage, “teach him to say ‘supply and demand’ and you have an excellent economist.”
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White papersOur thoughts on inflation – And why we just don’t buy it!
In our view, in the wake of the sell-off and reset in valuations for environmental sector stocks in the first half of the year, the fundamentals have never looked more attractive.
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White papersSustainability-linked LBO loans - fad or future?
The ‘green’ finance revolution shows no signs of slowing down, with sustainable debt issuance continuing to set new records.
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White papersGlobal corporate bonds Q&A with Damir Bettini: selectivity remains key
A year on from the height of the COVID-19 crisis, credit spreads have returned to their pre-pandemic tight levels. Does this present an asymmetric return profile for corporate bonds?
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White papersRunning Out of People
Understanding the forces that will one day fuel persistent price increases helps clarify why inflation is less of a problem now.
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White papersWebinar - Inflation: Back on the Agenda
It has been a long time since investors had to worry about rising inflation and interest rates at the global level. Over recent months, however, the prospect of a strong economic recovery from the coronavirus crisis, compounded by unprecedented fiscal stimulus and accommodative monetary policy, has sent bond market inflation expectations soaring.
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PodcastThe Investment Podcast: The folly of forecasting – finding value in an uncertain world
There has been significant positive momentum in credit markets since the Covid crisis began, underpinned by unprecedented levels of government and central bank support. However, despite market expectations of a sharp rebound in economic activity, there remain significant risks to this view.
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White papersUS inflation – Higher for longer?
US inflation looks set to rise significantly heading into the summer. Contrary to the view that this will be a temporary increase, a number of forces could combine to create greater structural pressure pushing prices higher for longer.
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White papersAsset Class Return Forecasts - Q2 - 2021
With vaccination programs worldwide well underway, the spotlight has shifted now to the nature of the economic recovery.
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White papersUp, Up, but Not (Run) Away Inflation
The latest round of euro area lockdowns caused less damage than initially feared. Earnings on both sides of the Atlantic continue to beat expectations amid the favorable economic backdrop. Meanwhile, in China, PMIs suggest that the growth driver may be shifting.
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White papers4 reasons why US debt may not spin out of control
Is surging US debt sustainable, or will it spin out of control?
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White papersA deep dive into ECB stimulus and its support for Euro fixed-income markets
March saw ECB increasing its PEPP purchases and injecting higher than expected liquidity through a successful TLTRO tender.
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White papersREITS and Rates
History suggests that real estate securities can be an attractive investment if you expect inflation and rates to go higher.
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White papersPost-Crisis Investing for the Long Haul
After a series of unprecedented events in the global economy, triggered by the COVID-19 financial crisis, investors and economists alike may see themselves at quite an inflection point in the markets.
