All Sovereign Bonds articles

  • The Eurozone Faces a Deep Recession, Not a Debt Crisis
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    The Eurozone Faces a Deep Recession, Not a Debt Crisis

    2020-05-27T08:57:00Z By T. Rowe Price

    The eurozone economy will be hit by Europe’s sharpest recession since World War II in the first half of this year, but it will likely withstand its impact before bouncing back strongly in the second half. Asset purchases by the European Central Bank will help member countries to absorb the fiscal hit from coronavirus and provide strong support for sovereign bonds.

  • Adventures on the Planet of the Apes - Navigating the Low-Rate Environment
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    Adventures on the Planet of the Apes: Navigating the Low-Rate Environment

    2020-05-04T13:39:00Z By William Blair Investment Management

    Artificially low rates are causing multiple distortions and pockets of heightened risks—and while the current environment may be unprecedented, it need not be incomprehensible. Investors who understand the dynamics driving low rates may be positioned to take advantage of promising opportunities.

  • Can Emerging Market sovereigns cope with Covid-19?
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    Blog | Can Emerging Market sovereigns cope with Covid-19?

    2020-04-29T08:25:00Z By FTSE Russell

    Some commentators have expressed concern about a wave of Emerging Market (EM) debt defaults, based on the scale of the Covid-19 shock, declines in commodity prices, the expansion in EM debt since the GFC, the strong US dollar and inadequate public health systems.

  • An Update On Our ESG Scores
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    An Update On Our ESG Scores

    2020-04-23T11:33:00Z By Franklin Templeton Investments

    Health security concerns in the time of COVID-19? Global Macro Views highlights five country case studies.

  • Assessing the impact of COVID-19 on sovereign yields through healthcare services
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    Blog | Assessing the impact of COVID-19 on sovereign yields through healthcare services

    2020-04-17T13:27:00Z By FTSE Russell

    In the current volatile market environment, the value of considering non-fundamentals in analysis is gaining more attention than ever before. Within sovereigns in particular, market participants are looking to the resiliency of healthcare services and the ability of governments to put control measures in place in order to achieve an understanding of the impact to the economic outlook of that country. 

  • Will the Fed catch some of the falling angels
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    Blog | Will the Fed catch some of the falling angels?

    2020-04-15T20:25:00Z By FTSE Russell

    The coronavirus shock, and enforced shutdowns, come after a period of high corporate debt issuance, in response to very low interest rates. Credit quality has fallen in recent years, judged by the share of BBB-rated bonds currently making up over 40% of the FTSE USBIG Index, and the share of AA and AAA-rated bonds being near 25-year lows

  • GIAM Macro & Market Research - Market Commentary
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    GIAM Macro & Market Research - Market Commentary

    2020-03-19T08:38:00Z By Generali Investments

    Yesterday evening the ECB surprisingly launched its new QE program “to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.” At the March 12 policy meeting President Lagarde made clear that the response to the crisis should be “fiscal first and foremost”. However, the dramatic developments since then – with specifically sovereign euro area bond spreads rising strongly – induced further ECB action.

  • Blog | Bond markets start to look beyond the apocalypse
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    Blog | Bond markets start to look beyond the apocalypse

    2020-03-18T16:23:00Z By FTSE Russell

    G7 sovereign bond yields fell sharply in Q1, to all-time lows, as fixed income markets moved much faster than equity markets to discount a major economic shock, and possible recession, from the coronavirus contagion. Since early-March, however, government bond yields have recovered sharply and yield curves steepened, in response to the enormous scale of the fiscal and monetary stimulus unveiled by policy makers (with fiscal stimuli of 20% to 25% of GDP in some cases).

  • Climate risk in European sovereigns - leaders and laggards
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    Blog | Climate risk in European sovereigns: leaders and laggards

    2020-02-07T15:00:00Z By FTSE Russell

    Europe is a leader in the global efforts to mitigate climate change. Its political classes have lobbied for more ambitious global targets, set strong national targets and are marshaling banks and investors to support climate finance. This can be seen from the relative performance of Europe vs. the rest of the world in cutting carbon emissions and the amount of further efforts to achieve a global warming compliant level of 2° C degrees.

  • The Outlook for Global Markets 2020
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    The Outlook for Global Markets 2020

    2020-01-09T13:48:00Z By T. Rowe Price

    Although global economic indicators appear to have stabilised in late 2019, investors may need to accept a degree of discomfort to find opportunities in 2020.

  • Credit selectivity at the fore in European high yield bond and senior loan investing
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    Credit selectivity at the fore in European high yield bond and senior loan investing

    2020-01-09T13:04:00Z By Oaktree Capital Management

    The European leveraged finance market is recognised for its potential to offer a compelling income advantage versus other, more traditional fixed income asset classes. Current market factors such as low default rates for speculative-grade debt and further stimulus from the European Central Bank are expected to continue to lend support to this asset class, which has enjoyed strong performance in 2019. Still, a prudent perspective would view the market as standing on relatively fragile ground in a period of low yields, lackluster economic activity and weakening growth outlook.

  • Building on 2019’s green bond resurgence
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    Building on 2019’s green bond resurgence

    2020-01-02T11:58:00Z By Columbia Threadneedle Investments

    In almost whatever country you care to mention, climate change and social inequality are exploding into the public consciousness. Extinction Rebellion in the UK or the Gilets Jaune in Paris are just two of the more high-profile signs. Yet in the financial markets, too, green, social and sustainability bonds are growing in number and sophistication.

  • European Mezzanine ABS Bonds
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    European Mezzanine ABS Bonds

    2019-12-11T11:36:00Z By Natixis Investment Managers

    Ostrum Asset Management 

  • 93551_FTSE-Russell-China-Bond-Research-Report
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    FTSE Russell China Bond Research Report - November 2019

    2019-11-30T11:06:00Z By FTSE Russell

    Highlights in the November report

  • Stay agile amid diverging scenarios
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    Stay agile amid diverging scenarios

    2019-11-27T10:57:00Z By Amundi Asset Management

    After enjoying stellar performance this year, investors will increasingly question whether the global economy will proceed towards a trade war-engineered recession moving into 2020, thereby ending the longest ever bull market. Or, if growth stabilizes at a low level, and potentially rebounds, the cycle could extend even further.

  • Ecb Qe2 Starts On A Strong Foot With A Tilt To The Private Sector
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    ECB QE2 Starts On A Strong Foot With A Tilt To The Private Sector

    2019-11-15T15:04:00Z By Amundi Asset Management

    ECB QE2 started off on a strong foot, according to data released on Monday regarding the very first week of purchases. The overall increase in holdings of the four QE programmes was quite high for just one week relative to the announced monthly path of EUR 20 bn, as it totalled around half of this amount , at EUR 9 bn. Most of the increase in holdings was driven by the public sector (roughly EUR 4.5bn) and corporate bond programme, at almost EUR 2.8 bn. The CSPP portfolio expanded from EUR177.1bn at the end of October to EUR181.1bn on 8 November. With the data reflecting settled securities, this number should cover just four trading days of purchases.

  • ABS: Uncovering Opportunities Beyond the (IG) Index
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    ABS: Uncovering Opportunities Beyond the (IG) Index

    2019-11-12T16:44:00Z By Barings (Europe)

    Amid an ongoing search for yield and with a number of potential risks on the horizon, there may be benefits to exploring opportunities outside of traditional corporate and government bonds—such as certain parts of the asset-backed securities (ABS) universe.

  • Why Are Investors Turning to Emerging Market Corporate Bonds?
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    Why Are Investors Turning to Emerging Market Corporate Bonds?

    2019-11-04T10:27:00Z By Franklin Templeton Investments

    Emerging market debt has expanded significantly. Its continued evolution has opened the way for more sophisticated investment strategies which exploit its diversity to improve diversification and manage risks. This is the case of Emerging Market (EM) corporate bonds. The sustained deepening of the asset class will make it even harder to ignore as an attractive investment opportunity. Alongside this growth, the increasing variety of EM corporate issuers offers continued opportunities for investors to diversify.

  • After the bond rally, beware of bond math’s return
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    After the bond rally, beware of bond math’s return

    2019-10-23T16:46:00Z By Eaton Vance

    Bond market investors have experienced impressive returns this year. Even mortgage-backed securities, which were at the bottom of the pack for fixed-income sectors in year-to-date performance through September 30, returned 5.60%, which easily eclipsed the 1.28% gained by the fixed-income leader for all of 2018, municipal bonds

  • Monthly Market Monitor - October 2019
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    Monthly Market Monitor - October 2019

    2019-10-18T16:13:00Z By Eaton Vance

    Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios.