All Fixed Income articles – Page 88
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White papersNeuberger Berman Fixed Income: Company Leadership during COVID-19
Assessing Company Leadership during COVID-19 with Active ESG Engagement
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White papersFixed Income: If you open it, they will come
When will the global economy return to a sense of normalcy? Dr. Sonal Desai offers her take.
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White papersSecuritised credit: Where we’re going, there are no roads (part two)
Focusing on fundamentals, structure and valuation should help investors to navigate a future for which there is no precedent.
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White papersUS-China Trade Tensions Resurface as Lockdowns Lift
As China’s economy continues to recover from the COVID-19 lockdown, other issues—such as trade tensions—have started to resurface.
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White papersEuropean high yield credit update
Credit markets stabilised in April; however, a wide dispersion of spreads means active stock-pickers can still find potential opportunities.
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White papersFlattening the credit curve: A closer look at short-dated assets
There are few areas of life that COVID-19 hasn’t impacted and credit markets are no exception. Mhammed Belfaida explains how the flattening of credit curves has revealed a surprising anomaly.
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White papersEM Short-dated Debt: A Diamond in the Rough?
COVID-19 and lower oil prices have led to indiscriminate selling across EM corporate debt, creating a potentially compelling opportunity in the shorter-dated, higher-yielding segment of the market.
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White papersSecuritised credit: Where we’re going, there are no roads (part one)
Though we’ve seen global financial crises before, this one certainly feels different. Even the flux capacitor might not bring us back to where we were in January.
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White papersEM Debt: Downturns, Defaults & Diamonds in the Rough
Barings’ Omotunde Lawal and Cem Karacadag explain how COVID-19 is impacting the economies of emerging markets, and how lower oil prices and loose monetary policies may influence the future default picture.
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White papersFiorino: in this pandemic, asset quality is key to banks’ health
In this launch issue of Fiorino, our blog focused on deciphering complexity in global financials, we assess how banks are preparing for corporate defaults resulting from lockdowns across economies worldwide.
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White papersFour Benefits of Senior Secured Bonds in an Uncertain Environment
Times of volatility can also yield opportunity if navigated carefully—and in the event of widespread defaults, senior secured bonds can offer some particularly compelling benefits.
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White papersA decade of change in global high yield
Globalisation and the rise of new instruments, credit quality and sustainability made the last decade one of significant evolution for the high-yield market – and for our team investing in this asset class.
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White papersAssessing the Known Unknowns
While the list of worries is long, we will focus on three key uncertainties that, if known, should give us more clarity about the direction of markets. As some of these unknowns are coming into view, each of them creates unknowns of their own.
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White papersFocus on Italy: macroeconomic and fixed income scenario
If we wanted to characterise the contraction and recovery pattern, we would probably describe it as a ‘long U-shaped’ recovery; in other words, as a gradual normalisation which will take some time before seeing a return to pre-crisis levels. In Italy, the government is estimating an 8% GDP contraction this year, followed by a 4.7% YoY rebound in 2021. In our analysis, we consider two possible reference scenarios for 2020 growth: -8.0% YoY (as per the government scenario) and -12.0% YoY.
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White papersEmbedding ESG into private debt can reduce risk and add opportunity
Embedding environmental, social and governance (ESG) criteria within private credit investment processes can reduce downside risk and open up a range of thematic opportunities, BNP Paribas Asset Management’s Sustainability in private debt investing briefing paper explains.
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White papersFranklin Emerging Market Debt Opportunities Team: Market Update – Emerging From the Crisis
Perspective from Franklin Emerging Market Debt Opportunities team.
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White papersSweden’s Experiment with Negative Rates
At the end of 2019, Sweden’s Riksbank initiated a policy change at a time when the much larger European Central Bank (ECB) announced its determination to persist with its negative interest rate policy.
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White papersRisk (Modelling in Global Aggregate Portfolios) in a Time of COVID
John Beck, Director of Fixed Income contemplates how risk is measured in our portfolios.
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White papersThe 20-Year Bond in a Brave New World
The US Government has responded to COVID-19 in unprecedented ways to produce a huge and rapid fiscal policy response. To fund this policy, the Treasury announced that it will issue over $800 billion in Treasury securities over the next three months. Including issuance completed in April, the issuance number rises to over $1 trillion. That is a massive issuance schedule. Here is what is upcoming.
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White papersWhat We Already Know About The Recovery
And why bonds and stocks may not be pricing in such different outcomes.
