All Inflation articles – Page 55
-
White papersThe problem with credit indices
The UK institutional client base is reliant on fixed income securities to meet its long-term requirement for stable, long-term, income- generating assets.
-
White papersBehind China’s disinflation
Inflation in China has bumped along in a narrow range for the last decade. What has happened and what is the outlook?
-
White papersWith So Much Liquidity, It’s Time to Double-Check the Plumbing
Inflation fears look exaggerated so far, but risks buried deep in balance sheets can never get too much attention.
-
White papersReal Yields, Inflation Breakevens and Risk Assets: The Changing Environment
The fixed income world is beginning to undergo a multiyear transition as aggressive monetary accommodation and government spending across key economies drive higher near-term economic growth rates.
-
White papersGlobal Macro Outlook - Second Quarter 2021
Vaccination progress and fiscal stimulus have advantaged the US economy, which we expect to grow about 6.5% in 2021. China, too, is rebounding, with output already topping pre-crisis levels. We’re still cautious, however, about Europe, where rising COVID-19 cases may further delay reopenings.
-
White papersAmid a US economic boom, how high can rates go?
The possibility of an economic boom this year has stoked worries about higher inflation and prompted a sharp selloff in US Treasuries.
-
White papersThree Strategies for Navigating Turbulent Bond Markets
Today’s market environment taps into bond investors’ primal fears. Extremely low yields make it tough to find sufficient income and potential return. Economic growth is rebounding from its 2020 collapse, but the world’s grip on recovery is uncertain.
-
White papersHow hot is the inflation pot? Strategies to protect portfolios from inflation risk
As the global economy emerges from its worst slump since the 1930s, we envisage plenty of inflation fertilisers at stake, especially in the United States. Inflationary trends could emerge due to a combination of factors, including the cyclical recovery as countries try to get the pandemic under control and gradually lift mitigation measures.
-
White papersFixed-income markets: from cyclical to structural challenges
Since the start of the year, bond yields have surged in the economies of the G10 as markets anticipate a sharp acceleration in inflation and economic activity. This rebound is likely to be particularly strong in the US given its enormous fiscal stimulus plan. In the medium term, opinion is divided concerning the post-Covid crisis macroeconomic trajectory and a possible change in the inflation regime in the US.
-
White papersA U.S. Treasury Bear is Born
Bear markets typically begin cloaked in a spirit of denial. Confutation can be virtuous because decline owns up to problems and making a change to solve them is often too painful. It’s human nature to seek pleasure to avoid pain. So, folks resist and hang on to their dogmas unyielding beliefs like “inflation hasn’t happened and can’t happen because demographics and technology won’t allow it to happen just look at Europe and Japan.” Certainly, an entire generation has grown to acquaint a bond bear but just for a brief “hello” and a more celebrated long “good-bye”.
-
White papersHow to Invest in the “Best of All Possible Worlds”
Markets should worry less about inflation and more about government investment that produces higher rates of sustainable growth.
-
White papersWatch For More Inflation Jitters
Markit flash PMIs show that, in the U.S., easing of restrictions, vaccine rollout, and fiscal stimulus are aiding the rebound in manufacturing and services sectors.
-
White papersThe post-COVID-19 world, with Capital Group’s Night Watch
Our Night Watch approach was built from lessons we learned in the 2008–09 Global Financial Crisis (GFC) as a way to engage in scenario planning around big systemic issues.
-
White papersSpotlight on credit: Reflation - The end of inflation’s “great moderation”?
Credit markets may face challenges if reflationary policies stimulate a concerted return for inflation.
-
White papersThe U.S. Grabs the Global Recovery Baton…
Slow vaccination programs continue to delay the reopening of EU economies. The Fed showed that even with better growth and inflation outlooks, it remains committed to its accommodative stance. Elsewhere, China activity data so far this year shows the uneven recovery continues.
-
White papersHedging against inflation: Do you really understand inflation-linked bonds?
US inflation expectations have risen over the last year, and with the passage of an additional USD 1.9 trillion stimulus package, any investor who was not already worried about inflation is likely to have started paying attention.
-
White papersFive Factors Shaping the Global Economy in 2021
From interest rates and inflation to government stimulus and multi-speed recoveries, Dr. Christopher Smart tells us what we know today—and what we still need to find out—about the global economy’s comeback from COVID-19.
-
White papersDo not give up on fundamental valuations
It’s been one year now since the Covid-19 pandemic disrupted the world. It changed our lives, but financial markets seem to have side-lined this dramatic event as a temporary pullback, which was quickly recovered and forgotten as most risk assets achieved new highs.
-
White papersHow to tackle the positive growth outlook as a bond investor?
Bond investors face a tougher environment: (expected) growth is pushing interest rates up from record lows, foreshadowing the eventual end of the ‘lower-for-longer’ era.
-
White papersChina’s disinflation and implications
China has abandoned its ‘growth at all cost’ push and is sticking with its deleveraging and structural reform policy despite the trade war with the US and COVID-19 shocks. This has resulted in a constrained growth environment.
