All Sovereign Bonds articles – Page 5
-
White papersHave bonds lost their bite?
As markets evolve, we explore whether bonds are still able to provide protection in turbulent conditions.
-
White papersPGIM Fixed Income Q3 2018 Market Outlook
PGIM Fixed Income examines the outlook for the fixed income markets, the global economy, and prevalent political and market concerns in Q3 2018.
-
White papersGlobal Investment Views: August 2018
Concerns about trade continue to take centre stage. While US assets have so far been resilient amid escalating protectionist rhetoric, markets targeted by tariffs are under pressure.
-
White papersThe Case For Global Bonds
PGIM Fixed Income examines how an actively-managed global bond portfolio, generally currency hedged, can reduce volatility and improve return efficiency relative to a domestic-only, fixed income allocation over the intermediate to long term.
-
White papersAsset Allocation Update: Strong earnings prompt US equities upgrade
Amid background noise such as ongoing trade skirmishes involving the US, the evolving Chinese economy and geo-political tensions, we have spent time analysing recent market movements and the implications for risk assets.
-
White papersPGIM Fixed Income Q2 2018 Market Outlook
PGIM Fixed Income reflects on Q1 and examines the outlook for the fixed income markets, the global economy, and prevalent political and market concerns in Q2 2018.
-
White papersLong-Term Interest Rates: Perfect Storm, Buying Opportunity, or Both?
PGIM Fixed Income analyzes the recent rise of developed market interest rates, the normalizing of developed market monetary policies, and other factors that will likely have an impact on bond performance going forward.
-
White papersTen key questions on recent US protectionist measures
On March 22, President Trump announced a new round of tariffs on around $50bln of Chinese imports (leaving Europe off for now) and China unveiled tariffs on $3bln of US imports. This adds to the measures announced on March 8, when US President Trump signed an order that imposes tariffs on imported steel (25%) and aluminum (10%), effective on March 23.
-
White papersWhat’s Driving Global Inflation?
PGIM Fixed Income takes a deep look into the drivers of global inflation by analyzing developed and emerging market countries by three sets of variables—domestic (unemployment, labor costs, money supply), external (exchange rate, import/export prices) and global (global output gap, global commodity prices, etc.)
-
White papersLoco for Emerging Markets Local Debt and FX
PGIM Fixed Income outlines the attractive relative value opportunities that exist within EM local debt and FX, the dynamics that led to the underperformance of EM local debt from mid-2011 through early 2016, and why the asset class is now on solid footing.
-
White papersDaisuke Nomoto: Japan - more tailwinds than headwinds for 2018
With GDP on a sustained growth track, supported by structural reforms and the Bank of Japan’s accommodative monetary policy, we maintain a positive outlook for the region.
-
White papersReaction: Italian election
The Italian election result looks messy, but we do not believe that the chances of Italy leaving the eurozone have gone up materially.
-
White papersThe improvement of peripheral bonds’ fundamentals has accelerated
Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn).
-
White papersIncorporating Environmental, Social and Governance Factors into Sovereign Bond Analysis
John Beck, SVP Director of Global Fixed Income, discusses how ESG factors are incorporated into sovereign bond analysis and why such factors are increasingly important for portfolios he and his team manage at Franklin Templeton.
-
White papersHouse View: 2018 Outlook
Our global growth outlook for 2018 is strong. The broad-based, synchronised upswing that began a year ago shows no signs of easing up, with above-trend growth expected to extend from the major G7 economies to the emerging markets in 2018.
-
White papersGlobal Investment Views: February 2018
The recent sharp correction of equity markets and the increase in yields which have materialized since the start of the year have created a turbulent phase, interrupting the “Garden of Eden” kind of setting which investors were getting used to.
-
White papersFixed income playbook 2018: less risk, more diversification
On the heels of two good years in the bond market, the best days for fixed income are likely behind us. 2016 produced strong returns in most sectors, especially high yield corporate bonds, which generated double digit gains.
-
White papersTechnology and ‘mega-trends’ to drive US equity performance
US equities have outperformed global equities since the beginning of the recovery because the US economy was initially the sole engine of global growth, as European countries wrestled with the Eurozone crisis.
-
White papersCommodities hitch a ride on global growth
Highly favourable tailwinds give us confidence that commodity prices will push significantly higher in 2018.
-
White papersThe UK’s demise is overstated
UK equities reached all-time highs in 2017, but relative to world stocks (in US dollar terms) they were laggards.
