All High Yield articles – Page 9
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White papers
Unlocking the mid-market premium
In the following interview, Alessandro Merlo discusses the top factors which make infrastructure debt an attractive investment opportunity today, the most interesting deployment opportunities within the mid-market, amongst other key themes shaping the infrastructure debt market.
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White papers
China’s policy pivot favours Asia credit
Faced with slowing economic growth, we believe Beijing has shifted its focus away from tackling the country’s medium-term structural problems. The priority now, in our view, is supporting the economy, including the debt-ridden property sector where construction activity and property sales slumped after the imposition of stricter controls.
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White papers
Inflation, Central Bank Action Through the Lens of War
As Russia’s “winning ugly” strategy in Ukraine reduces major cities to rubble, we believe Putin’s endgame still seeks to install a proRussia government in Kyiv and to control the Donbas, Mariupol, and Odessa regions that currently give Ukraine sea access.
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White papers
Central Banks on Deck to Fight Inflation
The ECB was owlish—carefully hawkish. It further reduced asset purchases for Q2 below the €40 billion previously announced and left completely open the pace of asset purchases for Q3. This leaves room for great flexibility: the ability to hike or not in Q4.
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Assessing The Economic Effects Of War
PGIM Fixed Income’s Weekly View from the Desk provides a summary of the macroeconomic and asset-class specific themes discussed in our weekly desk head meeting.
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Managing Duration in Multi-Asset Strategies? Be Dynamic
For most of the past decade, government bonds have contributed positive returns and a note of stability to multi-asset portfolios. But since late 2021, they’ve been much more volatile, as markets digest central banks’ transitions toward tighter monetary policy.
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Video
Neuberger Berman’s Multi Sector Fixed Income Funds
In this short video, we two of introduce Neuberger Berman’s Multi-Sector Fixed Income Funds looking at some of the distinctive features of our capabilities in this space.
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White papers
The Bond Blog - EM’s Vulnerability to Rising Food Prices and Political Instability
Food items typically have a larger weight in the consumer price index (CPI) basket of emerging markets. Therefore, food price increases might require policy action on the part of central banks if they become a major source of inflation.
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White papers
Quick Thoughts: Defensive on the Curve
With the characteristics of low duration, lower volatility, and higher income versus other fixed income asset classes, we believe a mix of short-term high yield and floating rate debt may provide investors some level of defense in a rising interest-rate environment.
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White papers
Reasons to invest LO Funds – Fallen Angels Recovery
Fallen angels are bond issuances which are downgraded from Investment Grade to High Yield.
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White papers
Paradigm Shifts in Policy Expectations, Value
For thoughts on the rate forecast changes the Fed could make at its upcoming March meeting amid persistent labor market strength and the rapid rise in inflation, read our View from the Desk.
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White papers
Are Markets Signaling a Slowdown?
We see no sign of impending recession in calm credit markets, and in our view the flattening Treasury curve likely has more to do with the market’s failure to recognize growing structural inflationary forces.
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White papers
Monetary, Geopolitical Risks Percolating
For PGIM Fixed Income’s interpretation of last week’s Fed meeting, including updated rate hike expectations for 2022, read the Weekly View from the Desk.
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White papers
Untapped potential: Harnessing the full power of bondholder engagement
Investor influence has long been confined to that of equity shareholders. Yet bondholders wield a lot of power. Can they harness it for positive change?
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White papers
Resiliency in a time of heightened volatility
Franklin Templeton Fixed Income’s Glenn Voyles and Matt Fey expect 2022 to be a year where credit selection regains importance.
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Pensions Investment Outlook: Challenges and Opportunities
There are several uncertainties in the economic and market outlook that are important for pension funds.
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No immediate storm ahead, but insurers should use the lull to build portfolio resilience
Lingering COVID-19-related supply-side disruptions, alongside a significant rebound in consumer demand, are producing supply bottlenecks and an inflation rate not seen for decades.
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Asset Manager News
PGIM Real Estate raises €1.8bn for final close of PGIM Real Estate Capital VII
The seventh fund in PGIM Real Estate’s European flagship high yield debt fund series, PGIM Real Estate Capital VII (PRECap VII), has closed on €1.82 billion (£1.53bn/US$2.07bn), the largest European real estate debt fund closed in 20211 . PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Video
4 Key Trends Shaping Asset Management in 2022
Watch as David Hunt, President and CEO at PGIM, assesses the current investment landscape and shares his perspective on four key trends that will shape the industry in 2022, including:
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White papers
5 reasons to invest in high yield corporate bonds in the current market environment
The high-yield market has historically produced positive results over a full cycle, but it tends to do particularly well during the recovery phase of the business cycle as default rates fall, spreads tighten from wide levels and volatility trends lower.