All Fixed Income articles – Page 93
-
White papersDespite All The Focus on Trade, Inflation Remains Low
U.S. trade trouble continues with a “Phase One Deal” less than imminent, the IEA asserts how U.S. shale-oil production will reshape global energy markets and don’t hold your breath on a December Fed rate cut.
-
White papersAre Negative Rates Really That Negative?
So far, they seem to work in practice, just not in theory. Negative yields seem to have helped extend the cycle, but they carry risks if they linger for too long.
-
White papersECB QE2 Starts On A Strong Foot With A Tilt To The Private Sector
ECB QE2 started off on a strong foot, according to data released on Monday regarding the very first week of purchases. The overall increase in holdings of the four QE programmes was quite high for just one week relative to the announced monthly path of EUR 20 bn, as it totalled around half of this amount , at EUR 9 bn. Most of the increase in holdings was driven by the public sector (roughly EUR 4.5bn) and corporate bond programme, at almost EUR 2.8 bn. The CSPP portfolio expanded from EUR177.1bn at the end of October to EUR181.1bn on 8 November. With the data reflecting settled securities, this number should cover just four trading days of purchases.
-
White papersCase for GDI – A Diversified Approach to Risk-Adjusted Income
Seeking to maximize income per-unit of risk with a dynamic, multi-asset multi-manager solution. The theme of late-cycle volatility, spurred by geopolitical tensions and slowing global growth, has been well documented. Low global interest rates continue to present challenges to meet income needs and control risk.
-
White papersUnlocking human capital in emerging economies
All developing countries have a seriously under-tapped resource: their people. That’s important for emerging debt investors to bear in mind.
-
White papers360 Webinar: Hermes Flexible Credit
Throughout this webinar series, the Hermes Fixed Income team will discuss key performance drivers of our portfolios, and provide their assessments of risks and opportunities across the credit spectrum.
-
White papersSeeking Big Opportunities in Small Companies
As Europe finds itself in a climate of lackluster growth and political volatility, with an equity market that has been on an unprecedented 10-year bull run, investors are searching for pockets of value. A long-term allocation to small-cap equities is one potential solution.
-
White papersEM Debt: Warding Off Headwinds with Active Management
In this Q&A, Barings’ Head of Global Sovereign Debt and Currencies, Ricardo Adroguè, addresses the many risks facing the global economy—specifically China, Argentina and the Middle East—and explains why a skilled active manager is critical to performance.
-
+Index.png)
White papersABS: Uncovering Opportunities Beyond the (IG) Index
Amid an ongoing search for yield and with a number of potential risks on the horizon, there may be benefits to exploring opportunities outside of traditional corporate and government bonds—such as certain parts of the asset-backed securities (ABS) universe.
-
White papersBarometer: The gloom lifts a little
Central banks are opening the liquidity taps again, easing concerns over growth and corporate profits. Prospects for emerging market assets look better as a result.
-
-
White papersStaying positive: why Asian fixed income makes sense in the face of rising uncertainty
It’s hardly surprising that the uncertainty associated with the on-again, offagain U.S.-China trade talks has continued to weigh on market sentiment. As of this writing, discussions appear to be progressing in a constructive manner—just like they did in July. But we know from our experience this past summer that a high level of unpredictability remains: these negotiations could collapse or gain traction at a moment’s notice.
-
White papersCredit and sustainability: ignorance is risk
The need for companies to adapt to long-term structural trends is not new. They have been doing it for centuries. However, today the challenges created by sustainability are more urgent than ever. In particular, sustainability-driven change is unparalleled in scale and speed.
-
White papersItalian real estate market
The relation between Italian Government bond rates and the local real estate market.
-
White papersESG for Sovereigns: One Size Does Not Fit All
ESG has risen to the forefront of many investment strategies over the last decade. At Barings, our EM Sovereign Debt team takes a country-by-country approach, assessing ESG factors in the context of sustainability and—ultimately—creditworthiness.
-
White papersMacro and structural woes leave banks out in the cold
With valuations plumbing depths seen in 2009 and 2012, and headwinds many and varied, is there hope on the horizon for one of Europe’s most beleaguered sectors?
-
White papersItaly is the eurozone economy most likely heading for a ‘lost decade’
As Japan found out the hard way, a healthy banking sector is key to restoring health to an economy. But Europe’s third biggest economy, with its vastly undercapitalised banks, looks destined to remain in the doldrums for some time
-
White papersHigh Yield: deep diving needed due to a more uncertain outlook
Global growth has been slowing since 2018, due to a combination of factors, including trade wars – with consequently slower global trade – past US Fed tightening, and rising geopolitical risks. This slowdown has become more pronounced in the last couple of quarters, especially in the most open economies, such as Europe and some EM, while the US economy has remained relatively more resilient despite losing momentum.
-
White papersImpactful intent: housing for a sustainable future
We believe that we can use our platform at Hermes to deliver a vision of a sustainable future that can help create social cohesion and hasten the transition to a post-carbon economy.
-
White papersGreening Fixed Income markets: a challenge of today and tomorrow
Policymakers around the world continue to implement comprehensive strategies to foster sustainable finance.
