All Sovereign Bonds articles
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VideoGemcast Episode 17: Riding the Waves of Distress Cycles
In episode 17 of Gemcast, Mariya Gancheva, Portfolio Manager and Strategist at Gemcorp Capital, explores special situations investing in emerging markets. Mariya discusses the idiosyncratic stories that allow for greater convexity during cycles of distress, how today’s macro backdrop is creating dislocations across sovereigns and corporates, and why identifying genuine opportunity takes both analysis and local, on-the-ground relationships.
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White papersLDI Fixed Income Outlook: Where are the new safe havens?
Despite the bond market sell-off, there is no reason for hasty decision-making, says Sebastiano Chiodino, Head of Liability-Driven Investing (LDI) at Generali Asset Management S.p.A.,* as strong corporate fundamentals and interest-rate volatility continue to create opportunities for long-term, active investors.
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White papersEM Debt: The Case for a Blended Approach
The EM debt universe is larger, more diverse and higher quality than many investors perceive, offering compelling opportunities today. Given the uncertainties ahead, investors may benefit from taking a blended approach.
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White papersEmerging markets fixed income: Diversification in an uncertain world
Over the past two decades, emerging-market (EM) fixed income has evolved from the volatility of the 1990s and early 2000s into an asset class characterized by strong fundamentals, disciplined policy mixes and effective structural reforms.
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White papersRedrawing the map of sovereign investing
For much of the past two decades, the case for developed market government bonds at the centre of fixed income portfolios rested on three assumptions: inflation would remain contained, central banks would provide a dependable source of demand, and rising sovereign debt would be readily absorbed. Each now looks less secure.
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White papersBonds: Normal for Longer
One of the most common phrases in markets over the past three years has been “higher for longer.” The phrase implies that today’s bond yields are unusually elevated. We think this framing misses a more important point.
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White papersA differentiated approach to EM debt
Emerging markets (EM) debt offers a broad and differentiated opportunity set, with sources of risk and return that are underrepresented in a typical asset allocation mix. The asset class spans a wide variety of instruments from countries at vastly different stages of economic and political development.
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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 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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PodcastEM Debt: Still Undervalued?
Head of Global Sovereign Debt & Currencies, Cem Karacadag shares insight into the broad EM Debt universe and explains why spreads may be overcompensating for default risk.
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White papersSri Lanka’s Turnaround Story
How debt restructuring, rebuilt reserves and a fiscal turnaround are reshaping the country’s credit fundamentals — and what it means for emerging market debt investors
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White papersThe quiet outperformer: A compelling case for Global USD Sukuk
By Syed Haziq Zikri Syed Danial, Head of Sukuk and Portfolio Manager, Emerging Markets Fixed Income, and Fu Yu, Investment Specialist, Emerging Market Fixed Income
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VideoHow could inflation and AI shape fixed income markets?
Inflation remains an important consideration for fixed income investors, although the outlook may differ over the short and longer term. Supply pressures and investment in artificial intelligence (AI) could add to inflation in the near term, while productivity gains from AI could contribute to a more disinflationary environment over time.
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White papersGlobal Fixed Income Outlook Q3 2026 – Bonds keep calm and carry on
Having delivered solid returns in the face of an energy shock and major geopolitical tension, global bond markets look potentially well set going into the third quarter.
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White papersGlobal Sovereign Bonds: Watching the new Fed Chair
This article is part of the Fixed Income Quarterly Outlook for Q3 2026, covering Emerging Market Debt, Euro Credit, Euro High Yield, Sovereign Bonds and US Agency Mortgage-Backed Securities.
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White papersEmerging Market Debt Stands on Its Own
Investors often limit their EMD exposure to a sleeve within global strategies, potentially leaving them underexposed to a compelling asset class. We think that may be a mistake.
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White papersESG Thema #24 - Assessing physical climate risks for sovereigns - Focus on Asia
Physical risk refers to the potential damage caused by climate-related hazards. Physical risk can be acute, if derived from extreme weather events and hazards: floods, landslides, extreme temperatures, storms and hurricanes, droughts, wildfires; or chronic, if related to the more gradual effect of global warming: gradual increase of sea level, reduced crops harvesting, lower labor productivity due to higher temperatures, for instance.
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White papersImplementation Alpha Across the Fixed Income Spectrum
Disciplined implementation can reduce costs drag and capture inefficiencies across the fixed income spectrum from indexing to enhanced and active strategies.
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White papersSupport Levels in Sovereign Debt Markets
Is the rise in major sovereign bond yields a temporary response to geopolitical tensions, or are markets settling into a new regime of higher rates?
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White papersDuration offers an opportunity as odds grow for Iran off-ramp
Inflation pressure, potential monetary tightening and the Iran conflict have pushed bond yields higher.
