All Government Bonds articles – Page 15
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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.
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White papersItalian real estate market
The relation between Italian Government bond rates and the local real estate market.
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White papersThe Secret To Europe's Success
Bank integration will help the continent emerge from its doldrums.
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White papersAsset Class Return Forecasts - Q4 - 2019
Our medium-term baseline scenario is that of a late business cycle slowdown supported by the dovish U-turn of central banks. We expect economic growth to move below potential for most developed economies in 2020, a trend that will be further exacerbated in 2021 by a deteriorating cyclical environment and still anaemic global trade. Nevertheless, growth is expected to stay in positive territory.
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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
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White papersThe stage is set for a rebound in unloved European value stocks
Investors have been troubled by the region recently, with a growing feeling that it is mirroring Japan’s ‘lost decade’. But there are reasons to be positive about it, and we are bullish on defensive stocks which we believe are currently trading too cheaply
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White papersEnel steps up: the world’s first SDG-linked bond
How an Italian energy company’s new bond marks a defining moment in the evolution of sustainable fixed-income markets.
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White papersHigh Yield: A Time to be Nimble
This piece was adapted from an interview with Martin Horne.
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White papersBeneath the Surface
This quarter, Neuberger Berman’s Asset Allocation Committee Outlook focuses on how surfaces can hide complexity and opportunity. As the S&P 500 Index breaks new records even as U.S. Treasury yields fall in anticipation of rate cuts, we believe it is time to be more cautious in overall stock and bond allocations.
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White papersCore Matters Investment Returns: A 5-year perspective
2019 has seen huge inflows into Fixed Income (FI) funds and outflows from Equities. From a medium-term return perspective this makes no sense. The formidable demand for safe assets reflects cyclical and structural forces (e.g. ageing). No matter the economic scenario, FI returns over the next five years are ...
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White papersResearch Blast - Italian real estate market – October 2019
The relation between Italian government bond rates and the local real estate market
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White papersAssessing Markets Where We Can Go On Offense
Global equities and bond yields are trending lower, and we maintain a relatively low-risk profile. But we’re always assessing where we can go on the offensive, and in this post we walk through our thinking on some of these opportunities.
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White papersStrategic Relative Value – Q4 2019
A quarterly look at how macro events are driving relative value around the globe.
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White papersRisk Factors, Macroeconomic Context And Forecasts - September 2019
Financial markets have been rattled in the past weeks over escalating trade war between the US and China as both imposed tariffs and counter-tariffs on imports. Idiosyncratic risks stories in countries such as Argentina resurfaced, the UK’s parliament was suspended over Brexit chaos and Italy witnessed a political crisis of its own, although a government seems in sight now.
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White papersFlexible credit: strategies for all seasons
A flexible, all-weather approach to credit investing has risen in popularity during the past decade. In the first instalment of a five-part series, we look at how flexibility has helped credit investors capture income in a low-yield world and manage duration risk. In an uncertain and often volatile environment, we consider what a flexible approach can offer investors at this stage of the macroeconomic cycle, and throughout the next.
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White papersGlobal Investment Views - September 2019
Financial markets have been rattled in the past weeks over escalating trade war between the US and China as both imposed tariffs and counter-tariffs on imports. Idiosyncratic risks stories in countries such as Argentina resurfaced, the UK’s parliament was suspended over Brexit chaos and Italy witnessed a political crisis of its own, although a government seems in sight now.
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White papersAsset Class Return Forecasts - Q3 - 2019
We expect economic growth to evolve around potential for most developed economies in 2020. It could subsequently decrease below potential in 2021 driven by a deteriorating cyclical environment and still anaemic global trade. Nevertheless, growth should stay in positive territory.
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White papersSeek High Yield Opportunities, but be aware of liquidity conditions
Speculative grade bonds have been among the major beneficiaries of the rapid turn of both Fed and ECB monetary policy stances to much more dovish positions. Lower rates for longer and more synchronised easing mean much lower funding costs and easier financial conditions for HY companies, which, as we know, are more sensitive than IG companies to the absolute levels of nominal and real rates.
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White papers
U.S. Loans: Challenged Market or Veiled Opportunity?
With loan and bond yields currently comparable, we believe—in a somewhat contrarian view to the market—there is a good argument for investing in loans, particularly in the U.S., where the economy appears to be marginally stronger than in Europe.
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White papersDon't Panic - Just Yet - How to navigate the buoys and the rocks of today’s markets.
There’s a moment that sends a chill down the spine of any sailor when a rock suddenly appears, off wrong side of the bow. It doesn’t really matter whether the chart was wrong or the skipper missed a buoy—it’s undeniably a sign of trouble.
