By Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, PGIM Fixed Income
As expected, after the strong interest-rate rally in the fourth quarter of last year, the market was due a rest. Indeed, the longer-duration and higher quality segments of the bond market registered negative returns in...
From Chris Iggo, Chief Investment Officer, Core Investments, AXA Investment Managers.
It's been difficult for investors to move away from cash. However, the days of high cash returns are numbered. Rate cuts are back on the agenda. Fixed income credit strategies are more attractive than cash with short duration being...
Jerome Powell, the FOMC and most investors must be feeling a bit like this after the latest US inflation data:
Fears of an inflation resurgence earlier in the year have been allayed somewhat. Annual inflation edged back down from 3.5% to 3.4% in April, and core inflation (which strips out...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 30 April 2024.
MARKET PERSPECTIVE
Global growth outlook remains positive against a backdrop of gradually easing inflationary pressures across most economies.
U.S. growth continues to be resilient, buoyed by a strong consumer, while optimism around European...
From Donald Ellenberger, Senior Portfolio Manager and Head of Yield Curve Committee at Federated Hermes
This month’s slightly cooler U.S. inflation report likely won’t give the Federal Reserve enough confidence to cut interest rates soon, but should it postpone the duration extension trade for fixed-income investors? The futures market now...
By Barclays Investment Bank Analysts: Jeff Meli, Anshul Pradhan, Joseph Abate & Zornitsa Todorova
The world of fixed income is undergoing rapid and profound changes. New technologies are transforming the landscape of trading, at a time when record issuance of US Treasuries – the bedrock of global debt markets –...
From Challenger
Since its inception in the 1970s, the global asset backed securities market has evolved beyond mortgage-backed assets to include loans secured by autos, equipment, credit card/personal loan receivables as well as high yield corporate loans. As the range of investment opportunities has grown, there is an opportunity for...
The start of 2024 has caught many investors off guard. Resilient US growth and inflation have defied expectations, leading to higher bond yields and a surging US dollar. Equities have paused following their strong advance since October 2023.
According to Stephen Dover, Head of the Franklin Templeton Institute: “A lot...
From Insight Investment
The Fed took a modestly more hawkish tone at the latest FOMC meeting. It announced it will begin slowing its pace of quantitative tightening. We still project rate cuts this year and believe it remains a compelling time to add exposure to fixed income.
The Fed Continues to...
Bryan David, Multi sector Portfolio Manager, Principal Asset Management
Markets opened the year with enthusiasm over the prospect of forthcoming policy rate cuts after the Federal Open Market Committee (FOMC) signaled a policy pivot in their final meeting of 2023. However, as 2024 has progressed, that excitement has given way...
