All Inflation articles
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White papersGlobal Investment Views - October 2026
In September, global bond markets came under pressure amid inflation concerns and hawkish shifts by central banks, while equity markets remained relatively calm, supported by strong economic data and earnings, alongside renewed optimism around AI.
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White papersFixed-Income Outlook: Four Ways to Capitalize on Dispersion
Fixed-income investors are being paid more to take risk than they have been in years, but not all opportunities are created equal. Higher yield levels, heightened volatility and growing differences across countries, sectors, industries and issuers are expanding the opportunity set. Dispersion is the raw material from which active returns are generated. Below are four ways investors can capitalize on it.
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White papersThe USD bear case faces a monetary-policy test
We entered 2026 expecting expensive valuations and Fed easing, alongside an administration increasingly focused on limiting the cost of financing a deteriorating fiscal position. Together, these conditions were expected to gradually normalise the USD.
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White papersThe road ahead for central banks
In a low-trust world that is becoming increasingly predatory, investors should expect supply shocks to become a new norm and the distribution of economic gains to stay uneven. Another result of the global order fragmenting is the rise of fiercer competition between countries. However, this competition is no longer limited to trade, tech, industrial leadership or energy security; it is instead being shaped by a relentless search for capital at the public and private level.
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White papersRelative Value & Tactical Asset Allocation Q4 2026
Resilient growth, persistent inflation, evolving monetary policy, and geopolitical uncertainty are expected to shape markets heading into 2027. AI-related investment remains an important growth driver, while rate volatility may create opportunities for selective investors.
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White papersOil shock; six months on, the EM debt bid remains strong
In April, we argued that emerging markets (EM) fixed income was better positioned to withstand the oil shock than it had been in 2022 and that we believed the asset class was poised for a strong rebound if de-escalation occurred within a relatively short time frame. De-escalation took longer than ...
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PodcastReal Rates, Repriced Credit and the Case for a Short Fed Cycle
The Fed has turned hawkish, and the market is now pricing several more hikes. Our fixed income team isn’t convinced. Core U.S. inflation is still drifting lower, most of this year’s yield move has come from real rates rather than inflation expectations, and the disinflation case remains intact — all of which argues for a shorter path than consensus expects.
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White papersThe Fed raises policy rates
“The Fed’s September hike was primarily an insurance and credibility measure. Significant geopolitical uncertainty and scrutiny from bond markets could influence its actions going forward.”
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White papersFed rate hike: Three views on what’s next
The US Federal Reserve’s decision to raise interest rates by a quarter percentage point this month marks a significant shift in monetary policy as the central bank seeks to dampen war-induced inflationary pressures. Although it is the first time the Fed has hiked rates since July 2023, in some respects it represents a return to normal after many years of artificially low borrowing costs.
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White papersSeizing the euro fixed income opportunity with flexibility and diversification
Europe’s fixed income landscape has undergone significant changes in recent years and become a segment difficult to ignore within the global bond universe.
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White papersThe ECB raises policy rates
“The ECB opens a period of central bank meetings. The balance is shifting further towards the risk that inflation proves more persistent than expected, given the recent rise in energy prices amid geopolitical tensions.”
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White papersBond yields on the rise again
“Bond markets are under pressure now, but as yields rise, opportunities for investors to benefit from higher income are opening.”
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White papersWhat higher interest rates could mean for stocks and bonds
Bonds have been anything but boring this summer. With US Treasury yields climbing amid rising national debt, elevated inflation and massive AI-related investments, some investors are asking whether recent volatility signals a looming crisis or a broader shift to a world of higher interest rates.
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White papersDebunking 5 Myths About EM Debt
Welcome to this month’s edition of Where Credit Is Due—a newsletter from Barings recognizing value across the people and portfolios shaping credit markets today.
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White papersFrance’s fiscal policy in focus
We expect France’s GDP to grow by 0.6% in 2026 and around 1.0% in 2027, in line with Eurozone growth. While higher inflation and elevated policy uncertainty, both domestic and external, are likely to weigh on demand in 2026, the economy should retain some underlying resilience, helped by a gradual recovery in private domestic demand, particularly household consumption and business investment moving into 2027.
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WebinarGoing the distance: market perspectives beyond summer
As we head into the final stretch of 2026, critical questions are reshaping investor strategy. While equity and fixed income volatility has remained contained, the real story lies elsewhere: the evolving Middle East situation, the trajectory of inflation and central bank policy divergence, the implications of the US midterm elections and the perspective of the AI capex cycle.
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PodcastSustainable farming can offer portfolio diversification and inflation protection
The need to invest in sustainable farming is becoming increasingly urgent. Burgeoning populations, more demand for high protein food as middle-class wealth expands and an increasing squeeze on arable land due to climate change and urbanisation are all pressurising agricultural production.
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White papersCapital Market Line: From Inflation Shock to Productivity Shock
Markets have navigated a series of inflationary shocks over the past few years, including Covid, tariffs, and geopolitical tensions, including most recently the closure of the Strait of Hormuz. While disagreements linger between the U.S. and Iran, neither has shown the appetite for full-fledged war.
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White papersStrong US earnings growth continues
“The ongoing US earnings season confirms a broadening of earnings growth across sectors, although scrutiny remains on data and quality of guidance beneath the headline numbers. Overall, this reinforces the importance of diversification and selectivity”
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White papersWhat a 5% 10-year Treasury means for commercial real estate
As the 10-year Treasury pushes toward 4.75% for the first time since January 2025, investors are asking what it means for U.S. commercial real estate (CRE). Importantly, the reason rates are rising matters as much as the level. What began as an orderly move in real rates and term premium is now giving way to something less benign - rising inflation expectations and a bond market that’s testing the Fed’s resolve. A 10-year yield near 5% raises the bar for CRE, but it sharpens our thesis rather than breaks it: net operating income (NOI) growth and selectivity are what will likely separate winners from the rest.
