All Government Bonds articles – Page 2
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VideoPremier Miton Fixed Income update August 2024
Lloyd Harris, Head of Fixed Income, explores the macro forces shaping global bond markets. Highlighting sticky inflation in the US, labour driven inflation pressures in the UK, and Europe’s rising fiscal stimulus from military and infrastructure spending.
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White papersBack to school: campus capital backed by muni bonds
Higher education institutions face unprecedented challenges from demographic shifts, federal scrutiny and infrastructure needs. Municipal bonds provide essential financing that enables these institutions to build state-of-the-art facilities, maintain competitive campuses and secure operational liquidity.
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White papersChina Bonds: Diversification potential beyond the Dollar
Strategic Allocation in a Shifting Global Paradigm: UBS (Lux) Bond SICAV – China Fixed Income (RMB)
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White papersWhy US Dollar-Based Bond Investors Should Look to Europe
As investors re-evaluate their allocations to US assets, we think they should consider euro-denominated bonds.
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White papersA 20,000-Foot Perspective: Can Bonds and Equities Both be Right?
The combination of stagflation concerns from macro data and robust corporate earnings in the last week have helped bolster the case for a striking gap between fixed income and equity premia persisting, highlighting the complex and finely balanced growth outlook.
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PodcastTalking Heads – Setting a course for investing in the rest of 2025
With the second half of the year now well underway, what are the prospects for the major economies and financial markets as tariffs remain very much in the headlines? Is an overweight position in equities versus bonds still appropriate, including a preference for US equities, and particularly technology stocks?
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White papersFederal policy shifts reshape the municipal bond landscape
The One Big Beautiful Bill Act introduces sweeping changes to municipal credit across multiple sectors. Despite Medicaid reforms, education funding cuts and energy policy shifts, municipal issuers remain resilient with strong fundamentals, revenue growth and historically high reserves.
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White papersThe Fed navigates economic crosscurrents amid tariffs
The U.S. Federal Reserve maintained its target policy rate at 4.25%-4.50% during its July meeting, acknowledging the dual challenges of slowing economic growth and tariff-related distortions. While headline GDP figures have oscillated dramatically, underlying growth continues its gradual deceleration during persistent uncertainty.
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White papersThe need for stronger US fiscal policy
US Treasury bonds have long provided domestic and foreign investors a modest yield that was assumed to be risk free. Yields (and thus prices) could be volatile, but the risk of the US government defaulting on its debt was regarded as so low that US Treasury yields became a benchmark for all other government and corporate debt: If the US government had zero risk of default, the default risk of any other borrower could be simply measured by looking at the additional yield it offered over a comparable Treasury security.
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White papersSummer Twists: Tax Cuts, Tariffs, and Treasuries
As expected, the 2017 tax cuts are being made permanent. Additional cuts are also being introduced, including an exemption on tips and overtime, deductions for seniors, and an increase in the State and Local Tax (SALT) deduction cap from $10,000 to $40,000 (this allows households, in particular, to deduct their property taxes from their federal income tax).
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White papersThe Hidden Edge: Why Granular European Assets Hold the Key to Outperformance
In today’s complex and fragmented European real estate market, opportunities are available if you are able to recognise them and are willing to do the hard work. But to see and recognise them you need to have your “boots on the ground,” your “hands on the data,” and your “head in the realities of the local market’s engine rooms.” In Germany, particularly, I’ve come to see that the greatest value is not just found but created, through rigorous granular origination and disciplined active asset management. That is the strategy we’ve embraced at Arrow Global, and it’s one I believe that offers the best chances of value creation.
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White papersEnvisioning a post-Powell Fed: What comes next?
With characteristic directness, President Trump has expressed dissatisfaction in recent weeks with the job performance of Federal Reserve Chair Jerome Powell. Serious or not, this kind of talk has investors speculating on what’s next for the US central bank and what a changing of the guard could mean for the economy and markets — whether that change comes at the end of Powell’s term as chair in May 2026 or sooner.
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White papersEuropean Bonds – Still More to Give
Benign inflation, a dovish central bank and healthy yields have helped boost the global attraction of European government bond and credit markets. With further monetary easing expected, European fixed income continues to look selectively compelling.
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White papersUS fixed income – Reasons for concern
Developed market interest rates remained generally range bound in the second quarter. The US economy can be expected to pivot towards higher inflation and slower growth. Such a trajectory may well lead the US Federal Reserve to loosen monetary policy in the third quarter, writes Olivier De Larouziere.
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White papersStocks and bonds rally despite trade turmoil: Q2 roundup
Global stocks advanced in a volatile quarter marked by erratic trade policy, surging technology stocks and a ceasefire in the Iran-Israel war. The quarter opened with a wave of new U.S. tariffs, sending stocks sharply lower, and ended with a powerful rally as some levies were paused and global trade negotiations progressed.
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White papersRelative Value & Tactical Allocation Q3
MetLife Investment Management expect a more moderate decline in economic activity as the shock from “Liberation Day” tariffs fades and, as policy evolves toward an end state, consumers and businesses begin to behave more normally after initially pulling back sharply in response to the volatility.
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White papersThe great uncoupling: Is this the end of dollar domination?
Typically in times of crisis, Treasury yields fall, while the US dollar strengthens. Now, we are seeing the dollar tumble, while Treasury yields are rising – a signal that investors’ unshakeable faith in the US as a safe haven has begun to crumble. Where will investors turn in this new paradigm?
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White papersBond outlook: Income potential intact as economic risks rise
The bond market is well positioned to provide investors with attractive income potential and relative stability, should equity markets swing lower in the second half of the year. Given slowing US economic growth and cooling inflation, bonds should offer a smoother ride for investors amid high uncertainty over US trade and immigration policies, rising debt levels and worsening conflicts in Ukraine and the Middle East.
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White papersThe Great Diversification is underway
We are now firmly in the riskier, messier, more factious world we predicted. While the US president is not the cause of the geopolitical shifts underway over the last few years, his administration is accelerating some drivers. For example, tariffs are intensifying economic friction, while the reduction of US commitments to Europe’s security and ambitions in space are contributing to a new arms race. The US, under Trump, also emerged as an additional disruptor.
