All Fixed Income articles – Page 93
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Global High Yield Market Update – March 2020
In this video update from Senior Portfolio Manager, Vivek Bommi, we review conditions across global non-investment grade bond markets and offer our outlook for the asset class.
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EMD: Finding Fundamental Value Through the Storm
The rapid spread of COVID-19, the precipitous fall in oil prices and the related shock to the global economy have sent markets—including EMD—into a tailspin in recent weeks. In this piece, we explore the resulting challenges and discuss opportunities beginning to emerge.
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Asset allocation update: credit upgraded amid fluid and uncertain backdrop
The ultimate public health costs and economic impact of Covid-19 are at this time unknown. Public health responses have weighed the human cost of intensive care units being overwhelmed and the number of preventable deaths exploding against the jump higher in unemployment, collapse in investment and demand destruction attached to social distancing. Governments have, understandably, chosen life over wealth.
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Despite rising pressure, real estate should remain resilient
As coronavirus fears roil the equity and fixed income markets, real estate investors may be wondering how to monitor and assess the asset class. Nuveen Real Estate’s experts offer their collective insights on the global, regional and country level along with sector views. Our chief investment officers also discuss the implications for real estate portfolios and what may lie ahead for real estate markets.
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Fixed income: a focus on fundamentals favours the brave
Markets have been roiled by extreme volatility over the last fortnight. There will clearly be winners and losers in the months ahead, which we believe should create opportunities for investors with a medium-term outlook to find securities that have become dislocated from their intrinsic value – particularly within the banking, energy and mining sectors.
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Fixed Income: More Heavy Lifting from the Fed-While Congress Squabbles
Dr. Sonal Desai weighs in on today’s Fed action.
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US high yield: market volatility update
Markets including high yield remain unsettled as the difficulties of forecasting this unprecedented pandemic and the associated individual, company and government responses continue to develop. The purpose of this update is to provide some context on what is happening in US high yield and to frame a few things that we expect going forward.
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Outlook 2020: Securitised credit
Signs of consumer stress mean securitised credit investors should be especially alert to quality and liquidity in the coming year.
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Sharpe Thinking: seeking quality assets amid the market sell-off
What’s moving the investment landscape? In these turbulent markets, we bring you views from our portfolio managers, analysts and economists, delivered by our Investment Office – an independent body ensuring that our investment teams perform in the best interest of clients.
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Distressed Debt: Despite Challenges, Opportunities Persist
Recent market and economic volatility may be the trigger that distressed debt investors have been waiting for, but capitalizing on opportunities will require a different playbook than those of past cycles.
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Corporate Hybrid Bonds for Insurance Investors
To overcome the low-yield problem, European insurers are eager to identify assets that offer the right balance between quality and return.
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Spotlight on fixed income - The value view – finding opportunities in adversity
Asset markets have been subject to extreme volatility in recent days. M&G’s institutional public debt team has been maintaining a close watch on credit markets with a view to identifying attractive opportunities.
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Coronavirus: a pragmatic response to market panic
Fixed-income investors loathe uncertainty. But for them and societies worldwide, this is currently the defining characteristic of markets and daily life. How can they respond pragmatically to the pandemic?
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GIAM Macro & Market Research - Market Commentary
Yesterday evening the ECB surprisingly launched its new QE program “to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.” At the March 12 policy meeting President Lagarde made clear that the response to the crisis should be “fiscal first and foremost”. However, the dramatic developments since then – with specifically sovereign euro area bond spreads rising strongly – induced further ECB action.
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Covid-19 update - Current credit market perspectives
The rapidly expanding footprint of the new Covid- 19 coronavirus, has shaken investor confidence, with significant falls in global equity markets as investors focus on the likely recessionary impact on global growth, as well as the direct sectoral impacts in key areas such as tourism, retail, autos and at company level on supply chain exposures to China. This has also fed into global credit markets.
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Fixed Income: The Fed speaks loudly and carries a big stick
Reaction to the US Federal Reserve’s dramatic action. CIO Sonal Desai, Franklin Templeton Fixed Income, calls the Fed’s response “massive and well crafted.”
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High Drama in High Yield
Coronavirus and the OPEC price war combine for a one-two punch to high yield markets.
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Distressed Debt: Capturing Late-Cycle Value
Barings’ Stuart Mathieson and Bryan High discuss how recent macro events and credit market dynamics are impacting the outlook for distressed debt.
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The credit-market breakup: it’s not V, it’s U
What should fixed-income investors read into the recent moves in markets and how should they respond in the near, medium and longer term? In an atmosphere of uncertainty, we consider how a bias towards higher-quality credit and a flexible approach to protecting against the downside can help investors weather any further turbulence.
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Update on Global Non-Investment Grade Credit Markets
We unpack the short-term and long-term, transitory and permanent impacts of recent news on the high yield and loan markets.d markets.