All North America articles – Page 3
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2023 U.S. investment grade credit supply: Will there be enough bonds to go around?
The U.S. investment grade credit (IG) market’s voracious appetite for bonds may not be fully satisfied in 2023. In 2022, feast or famine punctuated the $1.22 trillion supply, as nearly 50 days featured no issuance. Corporate borrowers glommed together and found strength in numbers when they issued debt, striking when the iron was hot.
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Fed in a Pickle: Fight Inflation OR Fuel a Banking Crisis?
Following SVB’s collapse and related events, the Fed is stuck between a rock and a hard place: Inflation is too high, but cracks are starting in the financial system. How did we get here? What are the Fed’s options?
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One Bad Apple? Or More to Come?
Several of Allspring’s equity portfolio managers voice their views on the state of the U.S. banking industry in the aftermath of Silicon Valley Bank’s collapse.
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No systemic risk from SVB failure, but watch out for areas of vulnerability
Silicon Valley Bank (SVB), a commercial bank that specialises in serving start-ups in Silicon Valley, has been shut down by regulators.
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Politics, Deficits and the Debt Limit
We firmly believe that Congress will ultimately raise the debt limit, but it’s worth remembering that political drama affects markets.
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What the latest US jobs data say about recession risk
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we analyse the surprising strength of the US services sector and explain what it tells us about the risk of a recession.
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Why and what if inflation falls faster than expected?
”As fiscal support should wane, this could lead to lower inflation pressures in the second half of 2023 and to a faster decline in inflation”
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U.S. Real Estate: Patience, Vigilance Needed
If a soft landing continues to play out in 2023, then transactional liquidity could return sooner than expected—possibly circumventing a substantial property price correction. The Barings Real Estate team discusses.
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Fed continuing to downshift: 31 January-1 February FOMC review
The Federal Reserve hiked the fed funds rate by 25bp, to 4.50-4.75%, a step down after the Fed hiked by 50bp in December. The slowing in the pace of rate hikes was widely expected.
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How to Calculate the Most Important Number You Need to Know
For better or worse, the path of this year’s U.S. Consumer Price Index will determine the level of markets.
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Fixed income investors are still too optimistic on inflation
Does the latest US data confirm the battle against inflation has already been won? Franklin Templeton Fixed Income CIO Sonal Desai says markets are overly optimistic.
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Equity Market Outlook 1Q 2023: Key Considerations For Equity Investors
After rising interest rates, persistent inflation and geopolitical turmoil pounded equity investors in 2022, we wish we could report that a rebound appears just around the bend. Alas, we believe macroeconomic indicators offer little to cheer about in the first quarter of 2023—and perhaps through the remainder of the year.
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Neuberger Berman Plans Further Push With New Strategies
Jose Cosio, Head of Global Intermediary ex-US, discusses Neuberger Berman’s plans to launch new Private Equity strategies with Citywire Alts Insider.
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Asset Manager News
Ivanhoe Cambridge Announces 1.2 million Square Foot Lease Extension at 1211 Avenue of the Americas in New York for Fox Corporation and News Corp
Ivanhoé Cambridge announced today that Fox Corporation and News Corp have signed separate long-term leases, together totalling almost 1.2 million square feet to retain each of their corporate headquarters at 1211 Avenue of the Americas, in Midtown Manhattan.
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What Jerome Powell Really Wants for Christmas
Jerome Powell surely has a holiday wish list, especially facing a new year of slower growth, rising prices and inverted yield curves.
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Fixed Income Views: The markets vs. the Fed
Despite a challenging macro environment with elevated inflation and a looming recession, the Franklin Templeton Fixed Income team has a constructive fixed income outlook. Fixed Income Views presents the team’s first-quarter 2023 outlook.
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Treasury yields fall as the Fed hikes once more
U.S. Treasury yields fell last week. The November U.S. CPI report showed a smaller-than-expected monthly increase. The U.S. Federal Reserve delivered a 50 bps hike as expected, but also included hawkish economic projections that called into question the future of monetary policy.
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A Tale of Two Cities
Why we think the resilience of the U.S. economy is proving to be a real conundrum for investors.
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Fed: Staying the course until the job is done
FOMC statement and press conference: On 14 December, the Federal Reserve (Fed) hiked the Fed Funds Rate by 50bp to 4.25-4.50%, a step down after four consecutive 75bp rate hikes. This takes the Fed Funds Rate further into restrictive territory.
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White papers
Fed hikes by a little less, but promise more to come
After hiking its policy rate by 75 basis points at each of the prior four meetings, the Fed took its foot off the brakes a bit, raising rates by only 50 basis points at its final meeting of the year. Inflation concerns remain, despite a string of softer data, but risks to higher prices and slower growth now appear more balanced than they have for several years.