All High Yield articles – Page 15
-
White papersEM Local Debt’s Time to Shine?
Emerging markets (EM) local currency denominated debt may be poised to outperform.
-
White papersStable Growth, Policy in Transition - Fixed Income Investment Outlook 1Q 2020
With a stable economy likely to provide a positive environment for credit this year, shifts in monetary policy could contribute to more frequent volatility in fixed income markets, while political developments will be an ongoing risk.
-
White papersMulti-asset allocation views: The pros and cons of higher-yielding fixed income
Sunil Krishnan asks whether higher-yielding fixed income assets remain good diversifiers for multi-asset portfolios in the current environment.
-
White papersCredit selectivity at the fore in European high yield bond and senior loan investing
The European leveraged finance market is recognised for its potential to offer a compelling income advantage versus other, more traditional fixed income asset classes. Current market factors such as low default rates for speculative-grade debt and further stimulus from the European Central Bank are expected to continue to lend support to this asset class, which has enjoyed strong performance in 2019. Still, a prudent perspective would view the market as standing on relatively fragile ground in a period of low yields, lackluster economic activity and weakening growth outlook.
-
White papersQuality is key in a slow economy
The outlook for Europe’s high yield market was getting darker as we moved into 2019. Third quarter earnings reports at the end of 2018 had mostly missed expectations, industrial activity was slowing and world markets had just suffered a sharp sell-off. Like most others, we were expecting returns for 2019 to be only moderately positive or even flat.
-
White papers2020: Risks, Opportunities & Predictions (Part 2/2)
Where can investors find late-cycle value in fixed income? Are real estate investors being compensated for risks? In Part 2/2, we hear from Barings’ leaders across high yield and investment grade credit, private credit, private equity and real estate.
-
White papersFear of Fallen Angels May Be Overblown
Many headlines over the last year have called attention to the growth of the lower-rated BBB portion of the investment grade market—and predicted a wave of fallen angels to high yield. But in the last year, we have seen more HY companies upgraded to IG than the other way around.
-
White papers2020: The Road Ahead
From fixed income and equities to real estate and alternatives, Barings’ teams share their predictions for 2020 and views on where the biggest risks and most compelling opportunities may lie.
-
White papersA Bright Spot in Higher-Yielding EM Corporate Debt
Many EM regions have been engulfed in uncertainty for weeks or months. While these situations certainly represent risks, we also continue to find value—often in globally diversified companies that have been unfairly punished by markets because of where they’re domiciled.
-
White papers2020: Bold Predictions
Will 2020 bring with it the democratization of private equity? A wave of downgrades from investment grade to high yield? Barings’ experts share their bold predictions for the year ahead.
-
White papersSolving for 2020; the key themes we anticipate will guide investment decisions in 2020
The heads of our investment platforms identified the key themes they anticipate will guide investment decisions in 2020.
-
+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 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 papersGreening Fixed Income markets: a challenge of today and tomorrow
Policymakers around the world continue to implement comprehensive strategies to foster sustainable finance.
-
White papersPositioning Across Asset Classes as Global Risks Mount
As global economic growth enters a period of likely protracted weakness, investors should revisit their exposures. From a multi-asset perspective, focus on surprisingly resilient high-yield credit and higher quality equities, while reducing exposure to parts of the market that are most vulnerable to trade tensions.
-
White papersHigh yield: where the income continues to flow
High yield debt is one of the few markets offering positive real income.
-
White papersHigh Yield: Poised to Capture Relative Value
Despite mounting uncertainty in the broader markets, high yield delivered broadly positive returns in Q3. As we continue to move through the late stages of a prolonged cycle, credit selection will be critical.
-
White papersHigh Yield: A Time to be Nimble
This piece was adapted from an interview with Martin Horne.
-
White papersWhat happens to high yield bonds in times of market stress?
We look at whether investors are right to be wary of high yield bonds amid rising macroeconomic and geopolitical uncertainty.
-
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.
